During the “Democracy Delivers” event in New York, representatives of the United States Government announced new commitments of more than $13 million for development projects in Ecuador.
New York, September 20, 2023. As a complement to the UN General Assembly, the United States Government, through the United States Agency for International Development (USAID), held an event under the banner of the Democracy Delivers initiative today. Organized by Secretary of State Antony Blinken and USAID Administrator Samantha Power in partnership with the Ford Foundation and the Rockefeller Foundation, the event was attended by leaders from nine nations, including President Guillermo Lasso.
During this meeting, the United States announced new commitments to the nations present, including more than $13 million to support Ecuador:
- Additional Development Assistance: Ecuador will receive up to $3 million in development assistance from USAID to support stabilization of the economy, promote job growth and mobilize investment.
- EDGE Fund: Approximately $3 million in new funding from USAID’s EDGE (Enterprise for Development, Growth, and Empowerment) Fund to support high-impact collaborations with the private sector that will help connect small-scale farmers, particularly women, to increase incomes and promote sustainability.
- Partnership for Democratic Development Funds: Through USAID’s Partnership for Democratic Development, USAID/Ecuador will receive up to $7.15 million to bring together stakeholders from across society to promote fundamental democratic reforms to transform their societies.
In addition, the “Democracy Delivers” initiative encourages public-private initiatives. At the event, major foundations and corporations also announced more than $10 million in investments in Ecuador this year to support climate resilience and economic development, as well as early childhood development, financial services and job opportunities for the migrant population.
- The Conrad N. Hilton Foundation is investing more than $10 million in Ecuador. Funds support early childhood development, infrastructure projects, and access to financial services and employment for the migrant population.
- The Tinker Foundation is investing $165,000 in Ecuador to improve policy and practical management of natural resources for the benefit of the community.
- The Tent Partnership for Refugees will expand its UNSTUCK initiative to Ecuador. UNSTUCK partners with brands to create job opportunities for migrant populations in global supply chains and support host countries and communities.
- Ecuador is one of six countries that will receive $1.5 million in support from WINGS to leverage philanthropy as a key partner with governments and civil society actors and contribute to effective localized development finance.
The U.S. Government remains firmly committed to working with local and international partners for community development.