Agency For International Development (AID) Definition | Business Dictionaries from AllBusiness.com

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Business Definition for: Agency For International Development (AID)

Agency For International Development (AID)

federal agency created in 1961 to administer assistance programs to less developed countries (LDCs) by making loans on more favorable terms than private banks. AID loans arranged through letters of credit drawn on commercial banks, are fully backed by the U.S. government.

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