Title:
US Launches Effort to Support Muslim Entrepreneurs
Around the World
Description: This is
a VOA Special English Technology Report.
See text below
Text:
The Obama administration has launched the first in a
series of projects to support entrepreneurs in
Muslim communities worldwide. The Global
Entrepreneurship Program will provide advice and
other help for businesses to succeed. Partnerships
between public and private organizations aim to
assist with everything from securing financing to
writing a business plan. The first project is being
launched in Egypt. A second project in Indonesia is
expected to follow soon. Secretary of State Hillary
Clinton talked about the programs at a Presidential
Summit on entrepreneurship. She said: "Now these
initiatives comprise a first wave of programs to
promote global entrepreneurship. But they reflect
the Obama administration's commitment to a new
approach to development -- one based on investment,
not aid. On supporting local leadership and ideas,
rather than imposing our own." More than two hundred
fifty people attended the two-day summit meeting
held in Washington in late April. Most were from
majority Muslim countries. President Obama promised
to hold a summit on entrepreneurship in his speech
to the Islamic world last June in Cairo. He says the
business market is the most powerful force for
economic growth and lifting people out of poverty.
He also says entrepreneurship is an area where
countries can learn from each other. Tim Kane is
with the Ewing Marion Kaufman Foundation, a
nonprofit in the United States that works to
increase entrepreneurship worldwide. He says the
World Bank has found that simpler rules and other
regulatory reforms make it easier to do business in
the Middle East. The Global Entrepreneurship Program
in Egypt will create several partnerships between
American and Egyptian groups. These include the
Egyptian Junior Business Association and the
American University in Cairo. The United States
Agency for International Development has a team of
entrepreneurs in Egypt to supervise the program. The
Obama administration plans to expand the program to
twelve countries within the next two years. And
that's the VOA Special English Development Report.
Transcripts, MP3s and podcasts are at
voaspecialenglish.com. We're also on Facebook,
Twitter, YouTube and iTunes at VOA Learning English.
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personally reviewed this video and found it appropriate for
the news section of English Global Group. This
is a Voice of America video which covers an interesting
topic in Special English. I would appreciate some feedback from both
students and teachers about this video. You can comment in
the window below using any of a number of different services
including Facebook, Yahoo, AOL, and Hotmail.
