USAID, a state-owned entity headquartered in the US, was founded in 1961 with approximately 15,730 employees and is focused on International Affairs. It functions as a U.S. government agency providing foreign aid.

Revenue

Founded

1961

Headcount

15,725

Headquarters

US

Primary Segment

International Affairs

Ownership

State Owned

News Summary:

A study released on March 14, 2026, projects that cuts to US foreign aid could generate approximately USD 7.5 billion in additional costs by 2050 for households in low and middle-income countries (LMICs) that include at least one person diagnosed with tuberculosis. This development follows reports on March 13, 2026, detailing the "heartbreaking," "devastating," and "difficult" impact of USAID's dissolution last year, according to healthcare workers, government officials, and former employees. The Trump administration previously shut down the agency, which had provided humanitarian aid and medical supplies globally since the Kennedy administration, causing significant repercussions in the global health community. On the same day, African countries began considering "vice taxes" as a potential measure to help fill funding gaps created by the USAID cuts.
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