Misplaced Pages

#97902

84-712: The USADF measures grant success in terms of jobs created and sustained, household and enterprise incomes increased, and grantee organizations strengthened. For fiscal year 2021, Congress provided USADF with $ 33 million to carry out their activities. By the time of its 40th anniversary in December 2020, USADF had invested over $ 265 million via nearly 4,000 grants to African enterprises; impacting over 10 million lives. A study by Foreign Policy Analytics in 2020 determined that for every $ 10,000 in USADF grant funding in Africa, 25 workers are hired in

168-404: A business track record that reflects a strong production capacity, market knowledge, quality products, and well-developed financial systems and records that will enable the applicant to obtain a USADF financial certification. EEG grants are typically three to four years in length and range from $ 100,000 to $ 250,000. 3) Enterprise Linkage Grant (ELG) – The Enterprise Linkage Grant was developed as

252-564: A component of the Act's Global Fragility Strategy. Since 2014, USADF has directly supported more than 300 youth entrepreneurs in 40 countries, providing them with a combined $ 6 million to launch and expand their businesses across Africa. These businessmen and women work across sectors, from health and education to IT and agribusiness to sell goods and services, create jobs, train youth, and increase incomes. A recent study of USADF's youth entrepreneurship portfolio found that youth-led enterprise grantees in

336-741: A continued interest in partnering with USADF in support of peace and prosperity.  In 2000, On May 18, 2000, Congress enacted into law the African Growth and Opportunity Act (AGOA) as Public Law 106-200. The legislation significantly enhanced market access to the United States for sub-Saharan enterprises and organizations, including for USADF grantees that are increasingly export-ready and landing deals with major retailers such as Costco (cashews), Macy's (handicrafts), Target (shea butter cosmetics), and Whole Foods (textiles).   In 2004, President George W. Bush appointed Dr. Ephraim Batambuze and Jack Leslie to

420-693: A country . The OECD also created agencies such as the OECD Development Centre (1961), International Energy Agency (IEA, 1974), and Financial Action Task Force on Money Laundering . The aims of the OECD are stated in Article 1 of the Convention as: Unlike the United Nations' "Organizations," OECD uses the spelling "Organisation" with an "s" in its name, together with a hyphenated "Co-operation". Following

504-631: A cumbersome task. Following several (occasionally unruly) meetings at the Hotel Majestic in Paris, which began in January 1960, a resolution was reached to create a body that would not only solve European and Atlantic economic issues, but also devise policies that could assist less developed countries. This reconstituted organisation would bring the US and Canada, who were already OEEC observers, on board as full members, and

588-646: A discussion on a broad spectrum of thematic issues relevant to the OECD charter, member countries, and non-member countries. Noteworthy meetings include: Exchanges between OECD governments benefit from the information, analysis, and preparation of the OECD Secretariat. The secretariat collects data, monitors trends, and analyses and forecasts economic developments. Under the direction and guidance of member governments, it also researches social changes or evolving patterns in trade, environment, education, agriculture, technology, taxation and other areas. The secretariat

672-494: A framework for negotiations aimed at setting up a European Free Trade Area , to bring the EEC's Inner Six and other OEEC members together on a multilateral basis. In 1958, a European Nuclear Energy Agency was set up in response to Euratom. By this time, some leading countries felt that the OEEC had outlived its purpose but could be adapted to fulfil a more global mission, which proved to be

756-591: A fully auditable set of business records. OAG grants are one to two years long and range from $ 25,000 to $ 100,000. 2) Enterprise Expansion Grant (EEG) – The EEG is the principal financing mechanism USADF utilizes to assist grantees with an established market and defined business strategy to scale up their activities. The purpose of the EEG is to assist grantees in generating increased revenues, increasing incomes, improving profitability, creating jobs, and positioning themselves for future investments. Applicants for an EEG must have

840-821: A handicraft cooperative started by two Rwandan sisters who returned from being in Tanzania as refugees, with a group of Hutu and Tutsi women sitting around a circle, talking and making baskets together.  In 1998, USADF entered into its first host country government co-funding partnership in 1998 with the Republic of Botswana, through which USADF and the Government of Botswana provided matching funds for project grants that foster community-led economic development. Since this first co-funding government partnership, USADF has received over $ 34 million from African governments to implement community-enterprise programming in their countries, demonstrating

924-659: A member of the Organisation through the letter addressed by Romanian Prime Minister Victor Ponta to OECD Secretary-General José Ángel Gurría . In September 2012, the government of Bulgaria confirmed it would apply for membership before the OECD Secretariat. The OECD established a working group headed by ambassador Seiichiro Noboru to work out a plan for the enlargement with non-members. The working group defined four criteria that must be fulfilled: "like-mindedness", "significant player", "mutual benefit" and "global considerations." The working group's recommendations were presented at

SECTION 10

#1732902735098

1008-461: A member on 28 April 2020. On 15 May 2020, the OECD decided to extend a formal invitation for Costa Rica to join the OECD, which joined as a member on 25 May 2021. Other countries that have expressed interest in OECD membership are Argentina , Brazil , Croatia , Malaysia and Peru . In January 2022, the OECD reported that membership talks were underway with Argentina , Brazil , Bulgaria , Croatia , Peru and Romania . In March 2022,

1092-522: A membership option for these countries. As a result of this, Poland , Hungary , the Czech Republic and Slovakia , as well as South Korea and Mexico , became members of the OECD between 1996 and 2000. East Germany joined on 3 October 1990 through reunification with West Germany. In the 1990s, several European countries, now members of the European Union, expressed their willingness to join

1176-463: A potential for longer-term growth and business success but require business planning, technology assessment, management, and financial systems development, market research, training, and technical assistance to position themselves for follow-on investment. Outputs from the OAG are a business plan, improved production and products, a defined market opportunity, an investment plan, improved management capacity, and

1260-458: A tool to position an enterprise to scale up operations by securing outside financing from targeted investors, donors and/or financial institutions. ELGs are awarded to groups that have built a strong organizational foundation and achieved significant revenue growth but are still considered too high-risk to secure traditional financing. USADF assists these grantees in identifying the financing criteria for one or more targeted funders, further developing

1344-406: A very high Human Development Index . As of 2024 their collective population is 1.38 billion people with an average life expectancy of 80 years and a median age of 40, against a global average of 30. As of 2017 , OECD Member countries collectively comprised 62.2% of global nominal GDP ( USD 49.6 trillion) and 42.8% of global GDP ( Int$ 54.2 trillion) at purchasing power parity . The OECD

1428-455: A virtual event due to COVID-19-related travel and gathering restrictions. FUND Africa provided a platform for notable speakers and subject matter experts to hold discussions with grantees on topics such as navigating the COVID-19 world, augmenting business models, and utilizing technology to find efficiency.  2021 – USADF and the U.S. International Development Finance Corporation (DFC) established

1512-536: Is an intergovernmental organization with 38 member countries, founded in 1961 to stimulate economic progress and world trade . It is a forum whose member countries describe themselves as committed to democracy and the market economy , providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are generally regarded as developed countries , with high-income economies , and

1596-573: Is an official United Nations observer . OECD nations have strong social security systems ; their average social welfare spending stood at roughly 21% of GDP. The OECD's headquarters are at the Château de la Muette in Paris , France, which housed its predecessor organization, the Organization for European Economic Co-operation. The OECD is funded by contributions from member countries at varying rates and

1680-493: Is based primarily on performance and results as determined by the achievement of established milestones. USADF's off-grid energy and youth and women-led enterprise grants fall within this category. FAAs are generally for a term not to exceed 18 months and range from $ 10,000 to $ 100,000. 5) Community Reinvestment Grants (CRG) – Community Reinvestment Grants are reimbursable grants for which a portion of grant funds are repaid and reinvested in local community organizations selected by

1764-456: Is filling a skills gap by providing vocational training and job placement for youth between the ages of 15 and 35. USADF provides funding to local Somali NGOs to train unemployed youth and work with local businesses to set up five-month training and apprenticeship programs for the youth. Since 2012, USADF funding has facilitated placement for 6,000 youth. Dahabshiil Bank has provided funding alongside USADF that has facilitated 200 placements. Many of

SECTION 20

#1732902735098

1848-579: Is governed by a board of directors that includes seven members who are nominated by the president of the United States and confirmed by the United States Senate. The board of directors selects the USADF president and CEO, who manages the day-to-day activities of the foundation. USADF's current countries of operations can be found on its website . USADF's program efforts in Africa align closely with congressional priorities in development, trade and investment, youth and women economic empowerment, and

1932-677: Is organised in directorates: The head of the OECD Secretariat and chair of the OECD Council is the Secretary-General. Secretary-General selections are made by consensus , meaning all member states must agree on a candidate. Representatives of member and observer countries meet in specialised committees on specific policy areas, such as economics, trade, science, employment, education, development assistance or financial markets. There are about 200 committees, working groups and expert groups. Committees discuss policies and review progress in

2016-547: Is recognised as a highly influential publisher of mostly economic data through publications as well as annual evaluations and rankings of member countries. The OECD is the successor organization to the Organisation for European Economic Co-operation (OEEC) , established in April 1948 among the European recipients of Marshall Plan aid for the reconstruction of Europe after World War II . Only Western European states were members of

2100-579: Is the Capital for African Resilience-building and Enterprises Support (C.A.R.E.S) initiative, through which the Foundation, by June 30, had provided approximately $ 3 million for over 330 grantees in 21 African countries. Grantees have used these funds to, among other things, manage increased transport costs, decreased production capacity, and insufficient storage for inputs and inventory. Additionally, USADF committed another $ 2 million to other sectors suitable to fight

2184-735: The Ghana Institute of Management and Public Administration (GIMPA), Accra , Ghana, and the Centre Africain d'Etudes Supérieures en Gestion (CESAG), Dakar , Senegal. The Accra Center has a satellite campus at the Administrative Staff College of Nigeria (ASCON), near Lagos , Nigeria. The center in Dakar, Senegal, is for French-speaking West Africans. There is a YALI Regional Leadership Center for East Africans located at Kenyatta University , Nairobi , Kenya , which serves citizens of

2268-660: The Revolutions of 1989 , the OECD began assisting countries in and Eastern Europe (especially the Visegrád Group ) to prepare market economy reforms. In 1990, the Centre for Co-operation with European Economies in Transition (now succeeded by the Centre for Cooperation with Non-Members) was established, and in 1991, the programme, "Partners in Transition", was launched to offer a partnership to Czechoslovakia , Hungary and Poland, including

2352-478: The president of the United States with the consent of the United States Senate . Of these, five members are appointed from private life, and two members from among officers and employees of U.S. agencies concerned with African affairs. All members shall be appointed on the basis of their understanding of and sensitivity to community level development processes. No more than four members may be affiliated with

2436-642: The 1960s to the end of the 1990s was also described in the memoirs titled “the Bank of Japan and the OECD: Recollections and Reflections”, written in Japanese by Kumiharu Shigehara and published in December 2019. In his letter of 5 February 2019, Donald Johnston, OECD Secretary-General (1996-2006), noted that Shigehara's "book is very important for the OECD where there is little living institutional memory". The English edition of Shigehara's memoirs titled The Bank of Japan,

2520-618: The Africa Small Business Catalyst (ASBC) – a partnership to promote investments in technology, innovation, and entrepreneurial solutions in African countries. This program combines DFC's powerful financing tools (loans) with USADF's on-the-ground presence and grant making-expertise. Under the partnership, USADF and DFC will provide loans between $ 50,000 and $ 500,000, accompanied by grants between $ 10,000 and $ 100,000 to African SMEs. 2022 – USADF made several announcements, including on

2604-687: The African Development Foundation Act, in the 95th Congress. It proposed to amend the Foreign Assistance Act of 1961 to establish USADF to strengthen the bonds of friendship between the people of Africa and the United States and to assist in the development of Africa. It required UDASF to cooperate with indigenous organizations representative of Africa and other private, regional, and international organizations. It also authorized USADF to make grants, loans, and loan guarantees to African entities for developmental purposes and required

United States African Development Foundation - Misplaced Pages Continue

2688-650: The African Diaspora to strengthen trade and investment relationships with African SMEs. Working through a community-led development model, USADF provides grant capital of up to $ 250,000, capacity-building assistance, and convening opportunities to develop, grow, and scale African enterprises and entrepreneurs. These investments improve lives and impact livelihoods while addressing some of Africa's biggest challenges around food insecurity, insufficient energy access, and unemployment, particularly among women and youth. USADF utilizes 100 percent African staff and local partners on

2772-618: The African continent known as the YALI Regional Leadership Center (RLC). Participants of the Regional Leadership Centers go through online and in-person training and are provided with professional development opportunities in these three track areas: Business and Entrepreneurship, Civil Society Management, and Public Policy and Management. The Regional Leadership Center is located in West Africa , with centers in

2856-606: The Declaration. The OECD publishes books, reports, statistics, working papers, and reference materials. All titles and databases published since 1998 can be accessed via OECD iLibrary . The OECD Library & Archives collection dates from 1947, including records from the Committee for European Economic Co-operation (CEEC) and the Organisation for European Economic Co-operation (OEEC), predecessors of today's OECD. External researchers can consult OECD publications and archival material on

2940-693: The Foundation's name in 2014 from the African Development Foundation (ADF) to the United States African Development Foundation (USADF) to reinforce that USADF is a U.S. federal government agency and not an NGO and to further differentiate USADF from the African Development Fund and African Development Bank.  2014 – USADF launched its youth entrepreneurship portfolio in 2014 by funding 35 young Africans to start or scale their social ventures. This initiative

3024-504: The G20. It is not certain when the proposals will be implemented. All the major economies agreed to pass national laws that would require corporations to pay at least 15% income tax in the countries they operate. This new policy would end the practice of locating world headquarters in small countries with very low taxation rates. Governments hope to recoup some of the lost revenue, estimated at $ 100 billion to $ 240 billion each year. The new system

3108-568: The Global Fragility Act which focused on addressing the root causes of fragility and instability. Of USADF's 21-country portfolio, 17 countries are classified as fragile or extremely fragile states by the OECD. USADF's focus on supporting grassroots, community-led enterprises and its emphasis on youth and women entrepreneurs and development model dovetail with the Global Fragility Act's requirement that “participatory, locally-led programs that empower marginalized groups such as youth and women” be

3192-459: The OECD Convention after September 1961, but are nevertheless considered founding members. The official founding members are the following: Japan became a member in 1964, and over the following decade, Finland , Australia , and New Zealand also joined the organisation. Yugoslavia had observer status in the organisation, starting with the establishment of the OECD, until its dissolution as

3276-561: The OECD Ministerial Council Meeting on 13 May 2004, and on 16 May 2007, the OECD Ministerial Council decided to open accession discussions with Chile , Estonia , Israel , Russia , and Slovenia , and to strengthen cooperation with Brazil , China , India , Indonesia , and South Africa through a process of enhanced engagement. Chile, Slovenia, Israel, and Estonia all became members in 2010. In March 2014,

3360-536: The OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations, a Model Tax Convention and country-by-country reporting rules. The OECD publishes and updates a model tax convention that serves as a template for allocating taxation rights between countries. This model is accompanied by a set of commentaries that reflect OECD-level interpretation of the content of the model convention provisions. In general, this model allocates

3444-469: The OECD announced that it "has transitioned to [an] open-access information model" and that Creative Commons CC‑BY‑4.0 attribution licenses will be used on all data and publications. There are 15 working papers series published by the various directorates of the OECD Secretariat. They are available on iLibrary, as well as on many specialised portals. The OECD is responsible for the OECD Guidelines for

United States African Development Foundation - Misplaced Pages Continue

3528-415: The OECD halted membership talks with Russia in response to its role in the 2014 Annexation of Crimea . In 2013, the OECD decided to open membership talks with Colombia and Latvia . In 2015, the Organisation opened talks with Costa Rica and Lithuania . Latvia became a member on 1 July 2016, and Lithuania soon followed on 5 July 2018. Colombia signed the accession agreement on 30 May 2018 and became

3612-468: The OECD premises by appointment. The OECD releases about 600 books and over 400 papers yearly on topics spanning public policy. The publications are updated to the OECD iLibrary. Most books are published in English and French. The OECD flagship titles include: All OECD books are available on the OECD iLibrary, the online bookshop or OECD Library & Archives. OECD Observer , an award-winning magazine,

3696-504: The OECD suspended the participation of Russia and Belarus due to the ongoing 2022 Russian invasion of Ukraine . In June 2022, during the annual OECD Ministerial Council Meeting, the Roadmaps for the Accession to the OECD Convention for Brazil , Bulgaria , Croatia , Peru and Romania were adopted. The OECD sets the rules governing international taxation for multinationals through

3780-566: The OECD, and Beyond was published by Palgrave Macmillan in September 2024. The OECD is known as a statistical agency , as it publishes comparable statistics on numerous subjects. In July 2014, the OECD publicly released its main statistical databases through the OECD Data Portal, an online platform that allows visitors to create custom charts based on official OECD indicators. OECD statistics are available in several forms: In July 2024,

3864-737: The OECD: Mandela Washington Fellowship The Young African Leaders Initiative ( YALI ) is an initiative of the United States Department of State . It was started by President Barack Obama in 2010. YALI is a programme aimed at educating and networking young African leaders with activities including the Mandela Washington Fellowship that brings them to study in the United States for six weeks with follow-up resources and student exchange programs. In 2014,

3948-457: The OEEC would set to work straight away on convincing Japan to join the organisation. The Convention on the Organisation for Economic Co-operation and Development was signed on 14 December 1960, and the OECD officially superseded the OEEC in September 1961, consisting of the European founder countries of the OEEC, with the additions of the United States and Canada. Three countries, (Netherlands, Luxembourg, and Italy)—all OEEC members—ratified

4032-602: The OEEC, whose primary function was the allocation of American aid. Its Secretaries-General were the Frenchmen Robert Marjolin (1948–1955) and René Sergent (1955–1960). It was headquartered in the Château de la Muette in Paris. Following the end of Marshall aid in 1952, the OEEC focused on economic issues. Its coordinating role was challenged after the 1957 Rome Treaties establishing the European Economic Community and Euratom . The OEEC provided

4116-536: The Organisation. In 1995, Cyprus applied for membership, but according to the Cypriot government, it was vetoed by Turkey . In 1996, Estonia , Latvia , and Lithuania signed a Joint Declaration expressing willingness to become members of the OECD, and Slovenia also applied for membership that same year. In 2005, Malta applied to join the Organisation. The EU is lobbying for the admission of all EU member states . Romania reaffirmed in 2012 its intention to become

4200-791: The Sahel reached an average of 12,570 beneficiaries or customers over the course of their grants and hired an average of 15 workers. In the Horn of Africa, youth enterprises reached 2,353 customers and hired an average of 273 workers. In the Great Lakes, USADF-funded youth entrepreneurs reached an average of 403 customers and hired an average of 9 workers. Types of USADF Grants USADF implements its model utilizing five primary grant types, which include: 1) Operational Assistance Grant (OAG) – Many community enterprises in Africa require initial capacity building prior to pursuing expansion. OAGs are awarded to groups with

4284-608: The Testing of Chemicals , a continuously updated document that is a de facto standard (i.e., soft law). It published the OECD Environmental Outlook to 2030 in March 2008, which argues that tackling key environmental problems—including climate change , biodiversity loss , water scarcity , and the health impacts of pollution —is both achievable and affordable. In 2020, the inaugural University Press Redux Sustainability Award

SECTION 50

#1732902735098

4368-1005: The USADF Board of Directors after the U.S. Senate confirmed their nominations. The two joined USADF's leadership as the Foundation implemented new strategic initiatives to expand trade and investment opportunities between Africa and the United States and to provide African communities with resources to prevent HIV/AIDS and mitigate its social and economic impact.   2006 – Throughout the 2000s, USADF supported critical agriculture commodities, including paprika in Zimbabwe, red onions in Niger, vanilla in Uganda, sesame in Burkina Faso, shea in West Africa, and coffee across East Africa. USADF support of coffee cooperatives has facilitated several of them exporting premium coffee to

4452-519: The USADF Board of Directors awarded grants to 11 grassroots organizations totaling $ 838,000. This first batch of USADF grants was issued in Botswana, Lesotho, Liberia, Mali, Niger, and Zambia.  From 1985  to 1987, USADF carried out its development model in 19 African countries, awarding over 100 grants totaling $ 10.3 million. By the end of 1987, USADF had developed accords or memorandums of understanding with nine African governments.  In 1989, pastoralism

4536-929: The United States and Europe.  2011 – USADF launched the Turkana Food Security Program in March 2011 with the strategic goal of boosting food security and reducing dependence on food aid in Turkana County, a highly marginalized, arid, and cattle raid-prone region of Kenya. USADF pledged $ 10 million in development grants and technical assistance; USADF met this goal, having awarded slightly more than USD $ 10 million to 53 agriculture and energy grantees in Turkana focused on mostly fishing, irrigated agriculture, and livestock. These projects have directly impacted more than 17,000 people (58% of whom were women) and indirectly benefited more than 88,000 people.  2012 – In Somalia, where nearly 70 percent of youth are unemployed, USADF

4620-496: The agency to give priority to community self-help projects with the maximum feasible participation of the poor. It also provided for the appointment of a Board of Directors to manage the agency.  In 1983, the Senate Foreign Relations Committee held hearings on the nominations of William Pickard, Patsy Blackshear, Charles Wells, Chester Crocker, and Frank Ruddy to the USADF Board of Directors. The Senate confirmed

4704-673: The agriculture sector, 19 people in youth-led enterprises, and 79 people in the electrical power sector. According to the OECD , the largest share of gross bilateral ODA from the United States went to sub-Saharan Africa and to partner countries in the least-developed country (LDC) category. After its creation by an Act of Congress in 1980 as a government corporation , the African Development Foundation began program operations in 1984. It has since provided financing to more than 1,700 small enterprises and community-based organizations. In 1977, Senators Edward Kennedy and George McGovern sponsored S. 1348,

4788-640: The competitiveness of SMEs and ensure sustainable development of the rural economy in Namibia C. The launch of USADF Off-Grid Energy Challenges focused on energy for healthcare, energy for agriculture, and women in energy D. The expansion of the USADF and the National Basketball Players Association (NBPA) Foundation partnership to increase investment and development in Africa E. The launch of an annual Diaspora Award to provide funding for U.S.-based businesses owned and led by members of

4872-435: The cost borne by the member countries, such as sending their officials to OECD meetings and maintaining permanent delegations, is equivalent to the cost of running the secretariat. This ratio is unique among inter-governmental organisations. In other words, the OECD is more a persistent forum or network of officials and experts than an administration. The OECD regularly holds minister-level meetings and forums as platforms for

4956-441: The creation and implementation of its youth entrepreneurship summit, held in Kenya in 2018 and Senegal in 2019, USADF scratched the surface of the potential of its convening power. The Foundation enhanced its approach to leveraging its convening power in 2020, creating the Financing, Utilization, Networking in Development (FUND) Africa Summit. More than 200 people participated in the inaugural FUND Africa Summit, held in August 2020, as

5040-454: The enterprise's operations, and securing follow-on financing independent of USADF. ELG grants are six months to three years in length and average $ 57,000. 4) Fixed Amount Awards (FAA) – The Fixed Amount Award is a grant type USADF provides for a specific level of financial support where grant risks are identified and mitigated up front, and financial requirements are determined based on a defined set of milestones. The recipient's accountability

5124-434: The first time in Kumiharu Shigehara, “Multilateral Surveillance: What the OECD can offer?” (the 1996 Global Finance Lecture, the University of Birmingham, 1996; OECD publication, Paris, 1996) at a time when Shigehara was OECD Chief Economist and Head of Economics Department (1992–1997); he was subsequently OECD Deputy Secretary-General (1997–1999). It was also discussed in: The history of OECD multilateral surveillance from

SECTION 60

#1732902735098

5208-401: The following countries: Burundi , Central African Republic , Republic of Congo , Democratic Republic of the Congo , Djibouti , Eritrea , Ethiopia , Kenya , Rwanda , Somalia , South Sudan , Sudan , Tanzania and Uganda . The Southern African Regional Leadership Center is at University of South Africa (UNISA) School of Business Leadership (SBL), near Pretoria , South Africa, with

5292-429: The given policy area. OECD has a number of specialised bodies: OECD decisions are made through voting, which requires unanimity among all of those voting. Each member country has one vote. However, dissenting members which do not wish to block a decision but merely to signal their disapproval can abstain from voting. 22 of the OECD member countries are also EU member states. As of May 2021 there are 38 members of

5376-425: The grantee, with USADF coordination and assistance as needed. A project undertaken through the reinvested funds must be directed at improving the overall quality of community life through social and economic advancement and improvements to community facilities and services. Grantees enter into their own agreements with recipients of the reinvested funds. The board of directors is composed of seven members, appointed by

5460-891: The ground across Africa, making it an agile, impactful, and innovative foreign assistance provider able to operate in areas that are often too remote or fragile to be reached by other U.S. government development agencies. The budget of USADF is funded through annual United States government appropriations for foreign operations. USADF maximizes taxpayer dollars by linking African host country government funds, corporate social investments, and U.S. Government interagency funding sources to achieve sustainable economic growth opportunities for grassroots, small, and growing enterprises in underserved regions across Africa. USADF has leveraged over $ 34 million from African governments. In Fiscal Year 2020, USADF awarded 253 new grants, investing primarily in early-stage agriculture, off-grid energy, and youth and women-led enterprises and skills training programs. USADF

5544-496: The margins of the 77th United Nations General Assembly and the U.S.-Africa Leaders Summit President Biden hosted. These include: A. The signing of a five-year, $ 20 million co-funding partnership with the Tony Elumelu Foundation focused on youth entrepreneurship and SME strengthening via investment toolkits B. The signing of a five-year, $ 10 partnership with the Government of Namibia's Ministry of Industrialization and Trade to provide grant investments that enhance and strengthen

5628-475: The model and scale its impact by reaching 300,000 farmers. 2020 – As the COVID-19 pandemic threatened the progress USADF had made with grantees across Africa, USADF developed its COVID-19 response strategy in early 2020. The interventions have sought to respond by providing grantees immediate relief and capital assistance, support grantees in repurposing and reconfiguring business models, and building grantees' resilience. A key component of USADF's COVID-19 response

5712-418: The nominations that same year, during which the USADF Board held its first meeting at the offices of the Inter-American Foundation (IAF) in Virginia, USA.  In 1984, USADF began to develop its funding program in earnest in 1984, instituting the Foundation's grants-making processes for sourcing, selecting , and supporting community-led enterprise growth projects and monitoring and evaluation. By September 1984,

5796-421: The other (such as between OECD and non-OECD pairings). Additionally, the OECD has published and updated the Transfer Pricing Guidelines since 1995. The Transfer Pricing Guidelines serve as a template for the profit allocation of inter-company transactions to countries. The latest version, of July 2017, incorporates the approved Actions developed under the Base Erosion and Profit Shifting (BEPS) project initiated by

5880-463: The pandemic's effects by providing off-grid energy solutions for rural health clinics and isolation and treatment centers and providing grants to support the development of a Personal Protective Equipment (PPE) in Africa Coalition (alongside funding from the Western Union Foundation) to meet communities'  PPE needs. The Foundation also provided training to youth in Nigeria in healthcare sector jobs as part of its partnership with Lagos State.  2020 – With

5964-423: The primary right to tax to the country from which capital investment originates (i.e., the home, or resident country) rather than the country in which the investment is made (the host, or source country). As a result, it is most effective between two countries with reciprocal investment flows (such as among the OECD member countries), but can be unbalanced when one of the signatory countries is economically weaker than

6048-626: The program was expanded to include four regional "leadership centers" in Ghana , Kenya , Senegal and South Africa . 500 participants in the Mandela Washington Fellowship arrived in the United States on June 16, 2014. In 2019, there were 700 fellows. As part of efforts to decentralize and to reach a large number of young leaders, the Young African Leaders Initiative program created regional leadership centers across

6132-898: The promotion of stability in fragile states and post-conflict regions. Between 2016 and 2021, USADF was a key contributor to the Global Food Security Act, providing over $ 61 million in 20 African countries to help approximately 3.4 million people overcome food insecurity. USADF works to improve food security and systems in 6 of 12 Feed the Future target countries. Since the passage of the Electrify Africa Act in 2014, USADF has invested more than $ 11 million in over 130 off-grid energy enterprises to help combat insufficient access to energy. On average, for every $ 10,000 USADF invests in off-grid energy enterprises, 79.3 people are connected to reliable electricity. Congress in 2019 passed into law

6216-480: The reach of the Mastercard Farmer Network (MFN) platform, giving farmers digital access to markets, valuable inputs, financial services, and real-time pricing information. USADF and Mastercard in 2020 completed Phase I of the agriculture digitization pilot in Uganda and reached more than 13,000 farmers through two farmer producer organizations. USADF and Mastercard have created a follow-on Phase II to refine

6300-464: The reintegration of former psychiatric patients into communities. The meeting intended to promote and encourage the transitional process of persons with disabilities moving from a charity to an empowerment model.  In 1996, USADF re-activated its development activities in Rwanda in 1996 following the 1994 genocide there that claimed nearly a million lives. One of the early post-1996 grantees was Gahaya Links,

6384-541: The same political party. Members are appointed to terms of six years, but they may continue to serve on the board until a successor is confirmed. The President designates one member to serve as chairperson and one member to serve as vice chairperson. A majority of the members of the board constitutes a quorum. The current board members as of September 26, 2024: OECD The Organisation for Economic Co-operation and Development ( OECD ; French : Organisation de coopération et de développement économiques, OCDE )

6468-806: The world to work in partnership to create 60 million new energy connections in sub-Saharan Africa by 2030. Following this launch, USADF began awarding renewable energy grants to small and medium enterprises (SMEs) and African entrepreneurs and has since awarded more than $ 11 million to over 115 African off-grid energy enterprises to help combat insufficient access to energy across the continent. To date, USADF has leveraged partnership funds from All On, GE, and Nithio Holdings for this portfolio and held various funding challenges in this sector, including USADF's Women in Off-grid Energy Challenge, All On-USADF Off-grid Energy Challenge, and Sahel-Horn of Africa Off-grid Energy Challenge.   2014 – Congress formally changed

6552-598: The youth participating in the training reported that their income jumped from $ 50 a month to $ 300 a month. In 2020, USADF expanded youth training and apprenticeship to the Democratic Republic of the Congo, Lagos State in Nigeria, Senegal, South Sudan, and Uganda.  2013 – The U.S. government's Power Africa initiative was launched in 2013, bringing together technical and legal experts, the private sector, and governments from around

6636-810: Was a major focus for USADF in the 1980s as a result of disastrous droughts in West Africa. In 1989, USADF hosted a Herders' Workshop, convening herders, farmers, and artisans from the Savannah and Sahelian zones in Ndutu, Tanzania, to foster learning and networks.  In 1994, In line with USADF's focus on promoting disability-inclusive development, the Foundation in 1994 brought together more than 60 persons with disabilities from 15 African countries in Kampala, Uganda. The attendees represented grassroots community groups and intermediary NGOs involved in horticulture, tailoring, furniture making, bookbinding, leadership and vocational training, and

6720-720: Was given to OECD by the Association of Learned and Professional Society Publishers (ALPSP) and Cambridge University Press . The award recognized the development of the SDG Pathfinder, an open-access digital discovery tool for finding content and data relating to the Sustainable Development Goals (SDGs). The OECD's structure consists of three main elements: Delegates from the member countries attend committee and other meetings. Former Deputy Secretary-General Pierre Vinde  [ sv ] estimated in 1997 that

6804-454: Was introduced in Q2 2013. The OECD Observer was last issued in the fourth quarter of 2019, with a double edition looking ahead at artificial intelligence, and a cover leading on why statistical offices should hire a comedian. The OECD Observer website closed in the first quarter of 2021; the archive can be consulted at www.oecd.org. The OECD's multilateral surveillance was systematically reviewed for

6888-471: Was launched in 1962. The magazine appeared six times a year until 2010, and became quarterly in 2011 with the introduction of the OECD Yearbook , launched for the 50th anniversary of the organisation. The online and mobile editions contained news, analysis, reviews, commentaries and data on global economic, social and environmental challenges and listings of the latest OECD books. An OECD Observer Crossword

6972-463: Was part of the Mandela Washington Fellowship under the U.S. government's Young African Leaders Initiative (YALI) . Since launching the entrepreneurship portfolio, which aims to help social entrepreneurs create employment, USADF has provided catalytic funding to more than 300 African youth entrepreneurs.    2020 – Through a partnership with Mastercard Lab for Financial Inclusion, USADF will empower thousands of smallholder farmers in Uganda by extending

7056-735: Was promoted by the Biden Administration in the United States and the OECD. Secretary-General Mathias Cormann of the OECD said, "This historic package will ensure that large multinational companies pay their fair share of tax everywhere." The OECD Guidelines for Multinational Enterprises are a set of legally non-binding guidelines attached as an annex to the OECD Declaration on International Investment and Multinational Enterprises. They are recommendations providing principles and standards for responsible business conduct for multinational corporations operating in or from countries adhering to

#97902