MIL-OSI USA: Economic Management for Stabilization

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Source: USAID

OVERVIEW

The Economic Management for Stabilization (EMS) program fosters economic stability in communities liberated from ISIS through two complementary approaches. The first is to advise regional governance actors on how to responsibly reform economic policies that can increase efficiency, effectiveness, and transparency. The second is to work directly with local business owners to improve their business operations, create jobs, and attract foreign direct investment, ultimately improving private competitiveness. Together, these approaches help build a more sustainable economic outlook for the people of northeast Syria.

GOALS

Encourage Responsible Policy Reform

EMS works directly with regional governance actors to help them understand the impacts of financial regulations, oversight, and other fiscal policies on the regional economy and to advise on reforms that could best stimulate regional economic growth and stability. Beyond technical advice, EMS also supports regional governance actors to create and implement plans for reforms and changes, particularly in key economic sectors for northeast Syria, such as agriculture subsidies. Across these efforts, EMS works to incorporate measures that build transparency, increase public trust, and attract foreign direct investment.

Improve Private Sector Competitiveness

EMS support in this area focuses on promoting competitiveness across key sectors in northeast Syria. EMS does this by providing tailored advisory technical support to local Syrian businesses to improve business operations and attract private sector investment. This is often centered around developing new and/or improving management processes within businesses that remove constraints to scalability and long-term growth. These efforts are vital ingredients for stability, job growth, and reducing dependency on foreign assistance in non-regime-held areas of northeast Syria. EMS also works with regional governance actors to set the best conditions for private sector growth and increased trade.

KEY RESULTS

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