SERVICE AREAS Enterprise Development Accounting Reform Franchising Strategies Financial Services Local Economic Development Management Training Development Strategies

MANAGEMENT TRAINING

Department of Commerce, SABIT Program Training
U.S.A.

The Department of Commerce's SABIT program organized a specialized accounting program entitled Business Management for Women directed at women accountants from the former Soviet Union. A Sibley specialist provided training to the selected participants in Generally Accepted Accounting Principles (GAAP) and International Accounting Standards (IAS) during a two-week period. Participants received a customized plan of instruction that included all aspects of financial reporting, including classification of assets and liabilities and presentation of financial statements, with special attention paid to the conditions faced by accountants from the FSU. Upon successful completion of the program participants received a certificate of training in accounting.

Georgia Enterprise Support Program (GESP)
Republic of Georgia

Sibley was the lead firm in this comprehensive nationwide project designed to offer an integrated package of interventions targeted at the primary constraints of enterprise development in Georgia. The GESP design proposed a multi-dimensional approach to addressing these constraints, incorporating five key components: improving the legal and regulatory environment; developing the professional capacity and technical capabilities of Georgian consulting groups; developing the regional economy outside of the capital Tbilisi; providing enterprises access to credit by developing a network of credit unions; and conducting a public education program to increase the understanding of the importance of private businesses in economic growth.

Under difficult conditions, GESP made important contributions to improving the performance of the private sector in the Georgian economy. The USAID-funded GESP implemented by Sibley and its partners established core business functions -- accounting, marketing, decision-making and good corporate governance – in multiple enterprises and business support organizations to help Georgia's economy grow.

Small and Medium Enterprise Development Project
Jamaica

Sibley is implementing a four-year USAID subcontract to improve the Jamaican business environment, assist SME development, and train Jamaican SMEs to compete in the global market. The project addresses regulatory reform, by aiming to simplify procedures for entrepreneurs to establish and operate businesses, and by assisting ministries and government departments in the design of clear sets of regulations and guidelines. Sibley is managing the development of lower-cost business solutions that are useful and useable for small enterprises, in particular, information on prices, quality of production, and market opportunities. Technical issues for the project include production and plant organization, technology transfer, information technology, marketing, finance, and regulatory requirements. Sibley is also developing financial mechanisms for increased private funding to the micro and small business sector, mainly through expanding retail lending to MSMEs and introducing new lending instruments to attract private capital to the sector.