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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.
As countries develop and need less assistance, USAID shrinks and ultimately closes its resident missions. USAID has closed missions in a number of countries that had achieved a substantial level of prosperity, including South Korea, [33] Turkey, [34] and Costa Rica. USAID also closes missions when requested by host countries for political reasons.
Japan - Japan International Cooperation Agency (JICA), [20] [21] and Japan Bank for International Cooperation (JBIC) Korea - Korea International Cooperation Agency (KOICA), [22] Export-Import Bank of Korea (KEXIM) Kuwait - Kuwait Fund for Arab Economic Development [23] Liechtenstein - Liechtensteinische Entwicklungsdienst [24] Luxembourg - Lux ...
The Overseas Private Investment Corporation (OPIC) was the United States Government's Development finance institution until it merged with the Development Credit Authority (DCA) of the United States Agency for International Development (USAID) to form the U.S. International Development Finance Corporation (DFC).
www.usaid.gov The administrator of the United States Agency for International Development is the head of the United States federal government's Agency for International Development (USAID). The administrator is officially nominated by the president of the United States and confirmed by the United States Senate .
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The Office of Inspector General (OIG) in the U.S. Agency for International Development (USAID) is responsible for detecting and preventing fraud, waste, abuse, and violations of law and to promote economy, efficiency and effectiveness in the operations of USAID, the Millennium Challenge Corporation, the United States African Development Foundation, and the Inter-American Foundation.
An independent federal agency, USAID receives overall foreign policy guidance from the Secretary of State and is the agency primarily responsible for administering civilian foreign aid. USAID supports the implementation of PEPFAR programs in nearly 100 countries, through direct in-country presence in 50 countries and through seven other ...