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Albanian-American Enterprise Fund
Albanian-American Enterprise Fund (AAEF) is a non-political, not-for-profit US corporation established pursuant to the Support for East European Democracy Act of 1989 (“SEED Act”). It was incorporated in 1995 and maintains offices in New York and Tirana. It is located in "Ibrahim Rugova" str, “Green Park” Complex, Tower 2, 12th Floor, Postal Code 1019, Tirana, Albania.
==Background==
The AAEF was established as part of a United States initiative to promote the private sector development in formerly Communist countries in Europe and Central Asia. It invests solely in Albania. To accomplish its mission, the AAEF invests and lends in a wide array of private enterprises, disseminates western business know-how, and, when appropriate, proposes changes to government policies affecting business. In addition, AAEF provides its portfolio investments with training to establish best business practices that incorporate acceptable financial reporting standards, as well as guidance in enhancing management capabilities and recruiting skilled personnel. The AAEF also provides its portfolio investments with corporate finance and strategic planning advice.
The United States Government provided AAEF's initial capital through a grant from the United States Agency for International Development. The original Board members were appointed by the President of the United States. The AAEF operates independently from the U.S. Government, and is managed by professional investment managers under the guidance of the Board of Directors.
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