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(1) Development is what developing countries do. Development projects are projects of local government agencies and NGOs, such as projects to improve public services or business regulations, etc. (2) Assistance is what USAID does. USAID's assistance projects support local development projects.
The Blue Dot Network (BDN) is a multi-stakeholder initiative formed by the United States, Japan, [7] and Australia to provide assessment and certification of infrastructure development projects worldwide on measures of financial transparency, environmental sustainability, and impact on economic development, with the goal of mobilizing private ...
U.S. development finance efforts were consolidated under the Overseas Private Investment Corporation (OPIC) in 1969 by President Richard Nixon, transferring responsibility from the United States Agency for International Development (USAID). The goal was to promote a more business-like management of development finance policy.
SUNFED later became the Special Fund and merged with the Expanded Programme of Technical Assistance to form the United Nations Development Programme. [citation needed] By the end of January 1960, fifteen countries signed the articles of agreement which established the International Development Association.
An article called "Greed and Graft at U.N. Climate Program" in August 2019 in Foreign Policy reported the findings of a 2017 final evaluation that a UNDP Global Environment Facility [37] greenhouse gas reduction project, the UNDP GEF Energy Efficiency Standards and Labels project in Russia with a budget of US$7.8 million, did not meet its goals ...
The International Fund for Agricultural Development (IFAD) is an international financial institution and a specialised agency of the United Nations that works to address poverty and hunger in rural areas of developing countries. It is the only multilateral development organization that focuses solely on rural economies and food security. [2]
The U.S. African Development Foundation (USADF) is an independent U.S. government agency established by Congress in 1980 to invest directly in African grassroots enterprises and social entrepreneurs. USADF's investments aim to increase incomes, revenues, and jobs by promoting self-reliance and market-based solutions to poverty.
As a result of its successful performance, member countries decided in 1980 to convert the temporary facility into a permanent legal entity called the OPEC Fund for International Development; it became a permanent international development agency in May 1980. The institution ceased using the abbreviation OFID in 2020.
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