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.

BREAKING DOWN '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. United States Agency For International ...

    A U.S. government organization that provides aid to foreign countries. ...
  2. Foreign Aid

    Foreign aid is money that one country voluntarily transfers to ...
  3. Disaster Relief Act

    A United States federal law passed in 1974 that laid down the ...
  4. Combination Agency

    A type of agency which combines segments that are normally separate. ...
  5. Poverty Trap

    A mechanism which makes it very difficult for people to escape ...
  6. Employment And Training Administration ...

    A federal agency that operates under the U.S. Department of Labor. ...
Related Articles
  1. Investing

    What Are the Different Types of Foreign Aid?

    Foreign aid can take many forms and may involve governments and private-sector contributors. Some efforts are more effective than others.
  2. Financial Advisor

    Helping Clients Weigh College Financial Aid Offers

    Now's the time for reviewing financial aid offers, which can often be confusing. Here are a few tips to help clients make sense of them.
  3. Taxes

    6 Reasons to Use a Household Help Agency

    It's not just because they find you well-qualified workers. Agencies spare you the paperwork and taxes required when you hire on your own.
  4. Insights

    The Marshall Plan and the Revitalization of Post War Europe

    The Marshall Plan helped revive the economies of Western Europe after WWII largely by reforms that created greater economic cooperation in the region.
  5. Investing

    Agency Bonds: Limited Risk And Higher Return

    Discover these safe alternatives to Treasury bonds.
  6. Trading

    Financial Regulators: Who They Are And What They Do

    Find out how these government agencies govern the financial markets.
  7. Personal Finance

    You CAN Afford To Study Abroad

    Before you jump on the plane, understand the rules and regulations in place. Then, enjoy your time studying aborad!
  8. Insurance

    Why It's The Right Time To Buy Rite Aid

    Recently considered to be a distressed stock, learn whether or not Rite Aid is currently undervalued.
  9. Personal Finance

    A Brief History Of Credit Rating Agencies

    Credit rating agencies have a long history in this country. Learn about what they do and how were they developed.
  10. Investing

    The Biggest Risks of Investing in Rite Aid Stock (RAD,WBA)

    Read about some of the risks facing investors who buy into Rite Aid stock after a potential acquisition by Walgreens was announced.
RELATED FAQS
  1. What are some of the major regulatory agencies responsible for overseeing financial ...

    Discover the specific responsibilities of some of the major regulatory agencies that oversee financial institutions in the ... Read Answer >>
  2. Does cash-on-delivery aid produce better results than a loan?

    Learn of the arguments about the efficacy of cash on delivery, or COD, aid to poor areas, as set forth by its proponents ... Read Answer >>
  3. Why some insurance policies are more expensive than others?

    There are several reasons that an insurance policy can cost more or less at different agencies. Some of the more common reasons ... Read Answer >>
  4. What factors do schools consider when awarding financial aid?

    Learn how schools award financial aid and student loans for you and your family. Colleges consider many variables, including ... Read Answer >>
  5. Who is eligible to take out federal student loans?

    Fill out the Free Application for Federal Student Aid every year to determine eligibility for federal aid, including student ... Read Answer >>
  6. How do modern corporations deal with agency problems?

    Learn about ways that capitalist investment markets regulate the principal-agent problems that arise with corporate management ... Read Answer >>
Hot Definitions
  1. Federal Direct Loan Program

    A program that provides low-interest loans to postsecondary students and their parents. The William D. Ford Federal Direct ...
  2. Cash Flow

    The net amount of cash and cash-equivalents moving into and out of a business. Positive cash flow indicates that a company's ...
  3. PLUS Loan

    A low-cost student loan offered to parents of students currently enrolled in post-secondary education. With a PLUS Loan, ...
  4. Graduate Record Examination - GRE

    A standardized exam used to measure one's aptitude for abstract thinking in the areas of analytical writing, mathematics ...
  5. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  6. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
Trading Center