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US spends $3.5bn on entrepreneurship in developing countries

This is as the US announced funding of $50 million to support entrepreneurship in Morocco.Vice President of the United States of America, Mr. Joseph R.…

This is as the US announced funding of $50 million to support entrepreneurship in Morocco.
Vice President of the United States of America, Mr. Joseph R. Biden, made the announcement in Marrakeck in Morocco at the opening of the fifth Global Entrepreneurship Summit, tilted ‘harnessing the power of technology for innovation and entrepreneurship’.
This aid, according to Biden, reflects the interest granted by his country to support entrepreneurs in developing countries.
“The United States spent for this purpose a total budget of 3.5 billion” to the developing countries. In this context, the United States will meet by the end of the year pa billion dollars, half of which will be devoted to women’s entrepreneurship. Another initiative to Moroccan youth will be launched in early 2015 to $ 30 million.

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