BearingPoint wins USAID economic improvement deal

BearingPoint Inc. has won a four-year, $124.7 million contract from the U.S. Agency for International Development to help implement a broad program of economic, financial and private sector reform in Egypt, the company announced today.

BearingPoint of McLean, Va., already has provided Egypt with policy assistance for nearly 15 years. The focus of BearingPoint's support has been on tax, fiscal and capital markets reform, insurance sector regulation, real estate finance and bank restructuring.

The new contract is part of USAID's Technical Assistance for Policy Reform II program, and is designed to respond to Egypt's requests for assistance to reinstate a private-sector-oriented economic model across a wide range of industries and government-owned or supported institutions.

The overall success of the technical assistance program will be measured by its ability to increase levels of investment and trade, job creation and poverty reduction throughout Egypt.

BearingPoint will assist USAID through work on seven key program areas: trade environment work, financial service modernization, macroeconomic stability, policy reform, private sector activities, human resources activities and program management support.

BearingPoint has started a number of reform-related projects in emerging markets over the last six months, such as Afghanistan, Cyprus and Montenegro.

BearingPoint, a global management and technology consulting firm, ranks No. 24 on Washington Technology's 2005 Top 100 list, which measures federal contracting revenue.