U.S. Foreign Assistance to Latin America and the Caribbean [Updated January 3, 2006] [open pdf - 450KB]
"U.S. foreign assistance programs to developing nations began in earnest after the conclusion of World War II. Trends in U.S. assistance to the region generally reflect the trends and rationales for U.S. foreign aid programs globally. Aid to the region increased during the 1960s with the Alliance for Progress and during the 1980s with aid to Central America. Since 2000, aid levels have again increased, especially in the Andean region as the focus has shifted from Cold War issues to counternarcotics and security assistance. Current aid levels to Latin America and the Caribbean comprise about 9% of the worldwide aid budget, representing a slight increase over levels ten years ago of 8.2%. Aid levels to the region could increase further as new presidential initiatives - the Presidents Emergency Plan for AIDS Relief (PEPFAR) and the Millennium Challenge Account - are implemented. For FY2005, U.S. assistance to Latin America and the Caribbean was estimated at $1.8 billion, the largest portion of which was allocated to the Andean region: $947 million. Mexico and Central America were slated to receive $311 million, while the Caribbean would receive $370 million, largely reflecting assistance for hurricane and flood damage. Brazil and the Southern Cone of South America were to receive an estimated $52 million. The United States also maintains programs of a regional nature that totaled an estimated $110 million in FY2005."
CRS Report for Congress, RL32487