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US
Agency for International Development
Formerly
known as International Development Cooperation Agency (IDCA), USAID is
an independent US Government Agency, founded in 1979. The three units
of IDCA are:
- US Agency
for International Development (USAID). Based in Washington DC, founded
in 1961 by executive order to extend assistance to countries recovering
from disaster, trying to escape poverty, and engaging in democratic
reforms.
- Trade
Development Program (TDP). Based in Rosslyn, Virginia (in the Metropolitan
Washington, DC area), TDP promotes economic growth and encourages trade
with developing nations.
- Overseas
Private Investment Corporation (OPIC). OPIC assists US citizens to find
worthwhile investment opportunities in developing countries, grants
loans and provides insurance.
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