Final Evaluation Report of the Enterprise Funds and Legacy Foundations

The Enterprise Funds were designed to support the development of private enterprise and the growth of small and medium-sized businesses, while the Legacy Foundations focused on promoting economic development and stability in the region. The Enterprise Funds were established in 1992 and operated in 29 countries, including Albania, Bulgaria, Romania, Hungary, and others. The Legacy Foundations were established in 1992 and operated in 10 countries, including the Czech Republic, Slovakia, Poland, and others. The Enterprise Funds provided financial and technical assistance to small and medium-sized businesses, with a focus on promoting entrepreneurship and job creation. The funds were managed by local boards of directors, which were responsible for making investment decisions and overseeing the implementation of projects. The Enterprise Funds also provided training and technical assistance to entrepreneurs and small business owners, with a focus on promoting best practices and improving business management skills. The Legacy Foundations focused on promoting economic development and stability in the region, with a focus on supporting the development of infrastructure, human capital, and institutions. The foundations provided grants and technical assistance to local organizations and businesses, with a focus on promoting economic growth and development. The Legacy Foundations also worked to promote regional cooperation and integration, with a focus on supporting the development of regional infrastructure and institutions. The evaluation of the Enterprise Funds and Legacy Foundations was conducted by DevTech Systems, Inc. under contract AID-OAA-I-15-00018. The evaluation was designed to assess the effectiveness of the Enterprise Funds and Legacy Foundations in promoting economic growth and development in transition economies. The evaluation used a mixed-methods approach, combining both quantitative and qualitative data collection and analysis methods. The evaluation team collected data from a variety of sources, including surveys, interviews, and focus groups, as well as financial and administrative data from the Enterprise Funds and Legacy Foundations. The evaluation found that the Enterprise Funds were effective in promoting economic growth and development in transition economies. The funds supported the development of small and medium-sized businesses, with a focus on promoting entrepreneurship and job creation. The evaluation also found that the Legacy Foundations were effective in promoting economic development and stability in the region, with a focus on supporting the development of infrastructure, human capital, and institutions. The evaluation identified several key lessons learned, including the importance of local ownership and management of the Enterprise Funds and Legacy Foundations. The evaluation also highlighted the need for continued support for small and medium-sized businesses, as well as the importance of promoting regional cooperation and integration. The evaluation recommended that the US Government continue to support the development of private enterprise and the growth of small and medium-sized businesses in transition economies, as well as promote economic development and stability in the region. The evaluation also identified several areas for improvement, including the need for more effective monitoring and evaluation systems, as well as the need for more effective communication and coordination between the Enterprise Funds and Legacy Foundations and local stakeholders. The evaluation recommended that the Enterprise Funds and Legacy Foundations continue to work to improve their monitoring and evaluation systems, as well as their communication and coordination with local stakeholders.