IV. Performance Summary (State and USAID)
The table below summarizes the performance ratings for Department of State and USAID results for the Economic Prosperity and Security strategic goal.
Strategic Goal Results Achieved for FY 2006
| |
Significantly Below Target |
Below Target |
On Target |
Above Target |
Significantly Above Target |
Totals |
| Number of Results |
0 |
2 |
8 |
1 |
1 |
12 |
| Percent of Total |
0% |
17% |
67% |
8% |
8% |
100% |
V. Performance Analysis
Performance Trends. There are a number
of positive trends in this strategic goal area. For example, USAID extension
assistance has reached more than one million farmers, a tenfold increase over
the 2003 baseline, and USAID programs disbursed more than six million microfinance
loans, a fivefold increase over the 2003 baseline.
High-level Results. There has been
significant progress toward economic growth and development through firm-level
assistance, support to financial institutions, development of targeted sectors,
and use of UN resolutions, programs and activities. These interventions have
had a demonstrable impact on incomes, economic stability, food security, and
private sector development. In addition, trade and investment have increased
dramatically in areas where State and USAID have active programs.
Results Significantly Above or Significantly Below Target. USAID significantly exceeded targets in the number of agricultural
technologies made available for transfer through USAID programs. The total increased
by 240% over the FY 2005 result.
Key Initiatives And Programs. The
Department and USAID received more than $2.6 billion in Economic Support Funds.
More than $200 million in FY 2006 funds was earmarked to USAID for trade capacity
building and Congress also authorized USAID to spend up to $21 million for loan
guarantees in support of micro and small enterprise programs.
VI. Resources Invested by USAID
Human Resources1,2
(Direct Funded Positions)
| Performance Goal |
FY 2006 |
| Economic Growth and Development |
1,262 |
| Trade and Investment |
203 |
| Secure and Stable Markets |
83 |
| Food Security and Agricultural Development |
825 |
| Total |
2,373 |
|
Budget Authority
(Dollars in Millions)
| Performance Goal |
FY 2006 |
| Economic Growth and Development |
$1,869.9 |
| Trade and Investment |
$300.4 |
| Secure and Stable Markets |
$123.4 |
| Food Security and Agricultural Development |
$1,222.1 |
| Total |
$3,515.8 |
|
|
|
 In July 1944, representatives of non-Axis governments met at Bretton Woods, New Hampshire to discuss the future of the international economy and postwar reconstruction. This meeting set the terms for an international economic system, known as the Bretton Woods System, that would allow for economic growth and liberalized trade. The conference also adopted the Articles of Agreement for the International Bank for Reconstruction and Development, later known as the World Bank, and the International Monetary Fund. The World Bank would oversee funds to rebuild postwar Europe and to develop newly emerging countries in Africa, Asia, and Latin America. The International Monetary Fund focused on the stabilization of the currencies of those nations suffering from high trade deficits and other internal economic problems.
Delegates to the Bretton Woods Conference, representing 44 nations, pose for an
official photo, July 1944.
Photo: AP/Wide World |
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