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Stimulating Sustainable Economic Growth
Table of Contents
- Development for Results 2010-2011
- CIDA's Aid Effectiveness Agenda
- Managing Risks to Deliver Results
- Increasing Food Security
- Previous Section — Securing the Future of Children and Youth
- Stimulating Sustainable Economic Growth
- Next Section — The Muskoka Initiative
- Delivering Humanitarian Assistance — When Help Was Needed, Canada Was There
- Rebuilding Afghanistan
- Country Reports
-
CIDA Financial Details 2010-2011
- PDF Version (19.82 MB, 90 pages)
- Ebooks
- Video
Spotlight on Results — Sustainable Economic Growth
These are selected highlights of the results CIDA has achieved with country partners. For more details, see the country reports.
- Bangladesh: 900,000 farmers and small business owners earn higher income
- Bolivia: 559 women learn skills in non-traditional occupations
- Caribbean Region: 11 countries have greater transparency and stability in banks
- Colombia: 5,099 people trained in agroecology
- Haiti: 369,000 people have access to microcredit
- Indonesia: 26,500 villagers participate in local government
- Mozambique: 850 public servants trained in performance management
- Pakistan: 17,000 women have increased incomes
- Peru: 10 municipalities better managing mining resources and oil/gas royalties
- Tanzania: 1 million poor people have access to financial services and credit
- Ukraine: $24 million saved in the private sector through reduced red tape
- Vietnam: 1,200 smaller businesses have increased profits
- West Bank and Gaza: Palestinian Authority reduced dependence on aid
Sustainable economic growth is key to poverty reduction because a dynamic, growing economy creates more opportunities for more people to earn a living, support their families, and have a better quality of life.
A solid economy also creates the revenue and resources needed to fund basic services, such as health care and education. These services allow citizens to lead healthy lives and develop enough knowledge and skills to contribute meaningfully to a country's progress. Progress in Asian, African, and Latin American countries shows that growing the economy is the best way to help people permanently lift themselves out of poverty.
In 2010-2011, CIDA introduced its Sustainable Economic Growth Strategy to help developing countries foster sustainable economic growth in their economies, and provide their citizens with greater opportunities and stable employment.
The strategy focuses on:
- building solid economic foundations;
- growing businesses; and,
- investing in people.
| Countries | CDN$ |
|---|---|
| Afghanistan | 37,221,483 |
| Bangladesh | 9,645,567 |
| Bolivia | 10,173,454 |
| Caribbean Region | 40,866,157 |
| Colombia | 3,396,948 |
| Ethiopia | 10,419,567 |
| Ghana | 13,553,017 |
| Haiti | 64,403,97 |
| Honduras | 4,451,043 |
| Indonesia | 15,785,601 |
| Mali | 14,770,634 |
| Mozambique | 12,321,287 |
| Pakistan | 7,960,815 |
| Peru | 8,468,100 |
| Senegal | 11,676,872 |
| Sudan | 15,328,506 |
| Tanzania | 20,531,422 |
| Ukraine | 10,673,421 |
| Vietnam | 13,568,134 |
| West Bank and Gaza | 12,911,890 |
| Total | 338,127,893 |
Sustainable economic growth results
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.
The Story Behind the Results
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]."
The Story Behind the Results
Stitching a Living in Rural Pakistan
Once the women finish stitching the clothes, Faatima gives them to a production agent, who will then take the garments to the market in the city.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.
