Search Results - Inter-American Foundation

Inter-American Foundation

The Inter-American Foundation, or IAF, is an independent agency of the United States government that funds community-led development in Latin America and the Caribbean. It was created through the Foreign Assistance Act of 1969 as an alternative to traditional foreign assistance that operates government-to-government on a much larger scale. The IAF receives its funds through annual appropriations by Congress. Until 2019, the agency also received annual reflows from the Social Progress Trust Fund administered by the Inter-American Development Bank consisting of repayments on U.S. government loans extended under the Alliance for Progress to various Latin American and Caribbean governments. Since beginning operations in 1972, the IAF has awarded more than 5,800 grants worth more than $957 million.

In February 2025 President Donald Trump signed an executive order stating that "the non-statutory components and functions" of a handful of governmental entities, including the IAF, "shall be eliminated to the maximum extent consistent with applicable law". Provided by Wikipedia