Alliance for Progress

Established in 1961 at a hemispheric meeting in Punta del Este, Uruguay, under the leadership of President John F. Kennedy as a long-range program to help develop and modernize Latin American states through multisector reforms, particularly in health and education. Involved various forms of foreign aid, including development loans offered at very low or zero interest rates, from the United States to all states of Latin America and the Caribbean, except Cuba.

Source: Library of Congress