U.S. Agency for International Development - USAID

AAA

DEFINITION of 'U.S. Agency for International Development - USAID'

An independent federal agency of the United States that provides aid to citizens of foreign countries. Types of aid provided by USAID include disaster relief, technical assistance, poverty alleviation and economic development. The agency creates country-specific programs that provide tailored solutions based on individual needs. USAID is under the guidance of the Secretary of State.

INVESTOPEDIA EXPLAINS 'U.S. Agency for International Development - USAID'

Prior to the creation of USAID in 1961, the U.S. government operated a number of agencies designed to provide non-military aid to foreign governments in the wake of the Marshall Plan. President John F. Kennedy signed an executive order creating the agency, which required aid to foreign governments to be spent on goods and services provided by U.S. organizations and companies.




RELATED TERMS
  1. Developed Economy

    While there is no one, set definition of a developed economy ...
  2. International Poverty Line

    An international monetary threshold under which an individual ...
  3. Marshall Plan

    The U.S.-sponsored program implemented following the Second World ...
  4. Poverty

    A state or condition in which a person or community lacks the ...
  5. European Bank for Reconstruction ...

    A bank was established in 1991 to aide ex-Soviet and Eastern ...
  6. Lesser-Developed Country - LDC

    A country that is considered lacking in terms of its economy, ...
RELATED FAQS
  1. How do NGOs get funding?

    A non-governmental organization (NGO) is a non-profit, citizen-based group that functions independently of government. NGOs ... Read Full Answer >>
Related Articles
  1. Fundamental Analysis

    How Influential Economists Changed Our History

    Find out how these five groundbreaking thinkers laid our financial foundations.
  2. Options & Futures

    Nobel Winners Are Economic Prizes

    Before you try to profit from their theories, you should learn about the creators themselves.
  3. Insurance

    What Is The World Bank?

    You've heard of the World Bank, now find out how it functions and why some groups oppose it.
  4. Options & Futures

    Explaining The World Through Macroeconomic Analysis

    From unemployment and inflation to government policy, learn what macroeconomics measures and how it affects everyone.
  5. Forex

    Capital And Labor: Who Wins The Trans-Pacific Partnership?

    With President Obama securing fast track authority on the Trans-Pacific Partnership, the benefits for labor and capital can be examined.
  6. Investing

    What's a Multinational Corporation?

    A multinational corporation is just that – a corporation that operates in multiple nations, with a home office that coordinates global management. Being a multinational corporation is a complicated ...
  7. Investing

    What is Globalization?

    As a business term, globalization refers to the tendency of international trade, investments, information technology and outsourced manufacturing to weave the economies of diverse countries together.
  8. Personal Finance

    How To Improve Your Leadership Skills

    Being a leader can help you in your career. Here are some tips for improving your leadership skills.
  9. Personal Finance

    The World's Strangest Currencies

    Here's a rundown of some of the stranger things people have used as currency over time.
  10. Investing

    5 Amazing Scientific Innovations That Affect Our Lives

    The list of scientific innovations is vast and includes advancements that affect us in areas such as communication, food, health and safety, technology, and transportation.

You May Also Like

Hot Definitions
  1. Nuncupative Will

    A verbal will that must have two witnesses and can only deal with the distribution of personal property. A nuncupative will ...
  2. OsMA

    An abbreviation for Oscillator - Moving Average. OsMA is used in technical analysis to represent the variance between an ...
  3. Investopedia

    One of the best-known sources of financial information on the internet. Investopedia is a resource for investors, consumers ...
  4. Unfair Claims Practice

    The improper avoidance of a claim by an insurer or an attempt to reduce the size of the claim. By engaging in unfair claims ...
  5. Killer Bees

    An individual or firm that helps a company fend off a takeover attempt. A killer bee uses defensive strategies to keep an ...
  6. Sin Tax

    A state-sponsored tax that is added to products or services that are seen as vices, such as alcohol, tobacco and gambling. ...
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!