Programs: Western nis encourages, through lending, investment, and technical assistance, the creation and expansion of small and medium-sized enterprises in the ukraine and moldova. Western nis also fulfills its mission of attracting additional private capital to the region through its usaid-approved role as a sponsor of the emerging europe growth fund, lp, a private equity fund launched in 2006 and emerging europe growth fund iii, lp("eegf iii"), a private equity fund launched in 2017.
usaid approved the launch of a $30 million legacy program funded by a portion of the profits earned from investment activities. The program focuses on export promotion, local economic development, impact investment and economic leadership. In april 2016, usaid approved i) expanding the legacy program to $35 million; ii) $5 million earmarked for direct investments in smes, primarily start-ups; and iii) a $30 million commitment to emerging europe growth fund iii, l. P. A fund launched by horizon capital and focused on providing financing to smes in ukraine and moldova.