U.S. Agency for International Development - USAID

Dictionary Says

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 Says

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.

 

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Articles Of Interest

  1. What Is The World Bank?

    You've heard of the World Bank, now find out how it functions and why some groups oppose it.
  2. Explaining The World Through Macroeconomic Analysis

    From unemployment and inflation to government policy, learn what macroeconomics measures and how it affects everyone.
  3. Nobel Winners Are Economic Prizes

    Before you try to profit from their theories, you should learn about the creators themselves.
  4. How Influential Economists Changed Our History

    Find out how these five groundbreaking thinkers laid our financial foundations.
  5. What Is The World Trade Organization?

    The WTO sets the global rules of trade. But what exactly does it do and why do so many oppose it?
  6. How To Improve Your Leadership Skills

    Being a leader can help you in your career. Here are some tips for improving your leadership skills.
  7. Make Your Portfolio Safer With Risky Investments

    A high-risk security can reduce risk overall. Find out how it works.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center