How USAID is Putting Local Wealth to Work
![Image outlining how the USAID Development Credit Authority works to empower entrepreneurs around the world. [USAID image/ Public Domain]](http://blogs.state.gov/images/Dipnote/behind_the_scenes/2012_0322_usaid_credit_image_m.jpg)
You can view the full-size image here.
About the Author: Ben Hubbard serves as the Director of Development Credit Authority at the U.S. Agency for International Development (USAID).
In the 1960s, during USAID’s founding decade, official development assistance represented 70 percent of all capital flows to developing countries. Today, foreign aid makes up just 13 percent, having been replaced over time by trade, investment, and other sources of private capital.
This changing landscape means our impact can be even greater. Rather than using our development dollars to substitute for missing… more »
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