These are selected highlights of the results CIDA has achieved with country partners. For more details, see the country reports.
Sustainable economic growth is key to poverty reduction because a dynamic, growing economy creates more opportunities for more people to earn a living, support their families, and have a better quality of life.
A solid economy also creates the revenue and resources needed to fund basic services, such as health care and education. These services allow citizens to lead healthy lives and develop enough knowledge and skills to contribute meaningfully to a country's progress. Progress in Asian, African, and Latin American countries shows that growing the economy is the best way to help people permanently lift themselves out of poverty.
In 2010-2011, CIDA introduced its Sustainable Economic Growth Strategy to help developing countries foster sustainable economic growth in their economies, and provide their citizens with greater opportunities and stable employment.
The strategy focuses on:
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In Pakistan, CIDA helped more than 17,000 women increase incomes up to 117 percent through projects that improved value-added chains in the dairy, embellished fabric, glass bangle, and seedling sectors.
By focusing on business and skills training in Vietnam, CIDA helped 1,200 small and medium-sized businesses—90 percent of them owned by women—increase profits between 2007 and 2010.
In 2010-2011, CIDA's support in the Philippines improved the investment climate by making it easier for potential entrepreneurs to register a business and for national government agencies to regulate competitiveness.
In Bangladesh, the Agency embarked on a five-year, multidonor effort to help public finance institutions become more efficient, effective, and accountable.
Combined, CIDA invested $798 million in sustainable economic growth initiatives during the 2010-2011 fiscal year.
Women around the world play a large role in expanding local economies and making them successful. Sometimes all it takes is access to a small amount of money to make an investment.
Nadezhda Vinogradova, from the town of Dolyna in western Ukraine, used the services and loans of a small business centre, established with CIDA's support, to develop business plans and obtain start-up capital for her three enterprises: a printing business, a laundromat and a bakery.
Today, she and her family employ 50 people.
"My purpose was to develop an attractive business. Our main goal was quality," says Nadezhda.
"Without the business centre, I would have had to look for other options, and I probably would have had to travel to Kyiv [for work]."
Faatima taught her daughter how to embroider, just as her mother taught her. She loves working the colourful thread through the silky fabric. Today, Faatima is wearing the new clothes she recently embroidered. She plans to show them to her friends, who are coming over to learn new stitches so they, too, can embroider new clothes and sell them.
Faatima is a participant in the Integration of Women Producers into Effective Markets project implemented by the Mennonite Economic Development Associates (MEDA). With support from CIDA, this project provides economic opportunities for Pakistani women who live in isolated communities across the country. By establishing distribution channels between these women and the distributors, women gain greater access to the market, helping them increase their income and respond to the demands of consumers.