The United States is providing an additional Rs 19 billion to create economic opportunities and pursue economic and political reforms that promote prosperity in Pakistan.
The additional funds will be obligated for development in Pakistan through an amendment to the Pakistan Enhanced Partnership Agreement signed recently by the US Agency for International Development (USAID) and the Ministry of Finance.
The USAID programs to be supported through this agreement were developed in consultation with the Pakistani government and support the Government of Pakistan's Vision 2025, which sets forth a roadmap for a prosperous Pakistan.
Between 2005 and 2016, the United States, through USAID, has provided nearly 840 billion Pakistani Rupees of development funds to Pakistan, making the country one of America's largest recipients of foreign assistance.
The United States Agency for International Development (USAID) is the United States Government agency which is primarily responsible for administering civilian foreign aid. President John F. Kennedy created USAID from its predecessor agencies in 1961 by executive order. USAID's programs are authorized by the Congress in the Foreign Assistance Act, which the Congress supplements through directions in annual funding appropriation acts and other legislation. Although it is technically an independent agency, USAID operates subject to the foreign policy guidance of the President, Secretary of State, and the National Security Council. USAID operates in Africa, Asia, Latin America, the Middle East, and Eastern Europe.