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I. Public Benefit

Photo showing a Ghanaian farmer harvesting pineapples for the European markets. Many farmers in Ghana are involved in a USAID alliance to deliver fair-trade, ready-to-eat products to supermarkets in Europe, helping to enrich the farmers and fund community development.

Ghanaian pineapples go to European markets. Many farmers in Ghana are involved in a USAID alliance to deliver fair-trade, ready-to-eat products to supermarkets in Europe, helping to enrich the farmers and fund community development.
Photo: Royal Ahold

National security and global economic prosperity are inextricably linked. Continued economic prosperity for the U.S. depends on the expansion of prosperity, freedom, and economic opportunity worldwide.

As the war against terrorism has become central to U.S. foreign policy, the Department and USAID have increased U.S. economic security by reducing terrorist financing, increasing energy security, improving the security of transportation and information networks, and building international coalitions to deny financial support to terrorists and their supporters. In December 2005, the Department received the highest marks of any Federal counterterrorism effort by the 9/11 Commission’s Public Discourse Project’s report on U.S. counterterrorism activities.

The U.S. Government promotes prosperity at home and abroad by opening markets through ambitious trade and investment agendas, strengthening development efforts through private sector participation and recipient country accountability, and supporting U.S. businesses through outreach and advocacy. Working with other agencies, businesses, labor groups, and NGOs, the Department of State and USAID contribute to a stronger, more dynamic international economic system that creates new opportunities for American business, workers, and farmers.

The U.S. Government coordinates with allies and major donors to assist countries recovering from conflict and natural disasters. U.S. relief and reconstruction efforts following the Indian Ocean Tsunami and the South Asia Earthquake, in partnership with the private sector, strongly reinforced public efforts to restore positive attitudes toward the U.S. in several Muslim countries.

The Department and USAID partner with countries around the world to protect intellectual property rights, combat bribery, and support flexible energy and financial markets. USAID’s economic growth initiatives play an important role in helping countries on the road to economic prosperity, political stability, and self-sufficiency. Deep and comprehensive economic engagement with developing countries enhances the prosperity and security of those countries, and therefore our own.

Finally, the Department of State leads the U.S. representation at the International Energy Agency, the primary mechanism for maintaining oil market stability in times of crisis. The Department was able to secure the release of up to 60 million barrels of emergency petroleum stockpiles when prices increased due to Hurricane Katrina, saving American taxpayers hundreds of millions of dollars per day.

Heritage Foundation map of 'Economic Freedom in the World 2006,' designating countries as free, mostly free, mostly unfree, repressed, or not ranked.

 

II. Selected Performance Trends

 

Number of Loans Provided to USAID-Assisted Enterprises
  2003 2004 2005 2006
Number of Loans 1,338,864 2,247,926 4,020,351 6,682,820

 

Number of Companies Provided Advocacy Services
  2003 2004 2005 2006
Number of Companies 125 152 275 2741
1. FY 2006 data are for 8 months only. (back to text)

 

III. Strategic Context

Shown below are the performance goals, initiatives/programs, and the major resources, bureaus and partners that contribute to accomplishment of the Economic Prosperity and Security strategic goal. Acronyms are defined in the glossary at the back of this publication.

STRATEGIC GOAL: ECONOMIC PROSPERITY AND SECURITY
(Components that Contribute to Goal Accomplishment)
Performance Goal
(Short Title)
Initiative/Program Major Resources Lead Bureau(s) External Partners
Economic Growth and Development Growth and Development Strategies CIO, DA, D&CP, ESF, FSA, IO&P, MCA, SEED EB, EUR, IO, PPC Treasury, DOC, MCC, USDA, EXIM, OPIC, TDA, USTR, IMF, World Bank, Reg’l Devl Banks, UNDP, ILO, WTO, OECD, UNCTAD, UNICEF, FAO, G-8
International Organizations and Economic Development Policy CIO, D&CP, IO&P EB, IO Treasury, DOC, USDA, EXIM, OPIC, TDA, USTR, Multilateral Orgs and Development Banks, FAO, G-8
United Nations Development Program (UNDP) D&CP, IO&P IO EPA, DOL, DOJ, Treasury, DOC, USDA, TDA, Multilateral Development Banks
Private Sector Capacity DA, ESF, FSA, SEED PPC Multilateral Orgs/Development Banks, FAO, G-8, EU
Trade and Investment Create Open and Dynamic World, Regional and National Markets DA, D&CP, ESF EB, PPC, EGAT USTR, Treasury, DOC, DOT, USDA, TDA, WTO, OECD, NGOs
Support for U.S. Businesses D&CP EB, PPC, AFR USTR, Treasury, DOC, DOT, USDA, TDA, WTO, OECD, NGOs
Secure and Stable Markets Secure Energy Supplies D&CP EB, EGAT DOE, IEA, foreign governments, NSC
Stable Financial Markets D&CP EB Treasury, Multilateral and Reg’l Devl Banks
Food Security and Agricultural Development Agriculture-led Income Opportunities Expanded DA, PL480, CIO EGAT, AFR USDA, NGOs, FAO, WB

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Fri, 02 Feb 2007 15:25:15 -0500
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