At the Earth Summit in Rio de Janeiro in 1992, the world's governments adopted a program for action under the auspices of the United Nations-Agenda 21, which included an Official Development Assistance (ODA) aid target of 0.7% of gross national product (GNP) for rich nations, roughly 22 members of the OECD, known as the Development Assistance Committee (DAC).

US levels for foreign aid fall short of this goal (the US currently ranks last among the world's wealthiest countries at about 0.1 percent of GNP.) However, in absolute amounts, the United States is currently the world's top donor of economic aid, providing $16.254 billion in 2003 according to the Organization for Economic Cooperation and Development.

In 2001, the United States gave $10.9 billion, Japan $9.7 billion, Germany $4.9 billion, the United Kingdom $4.7 billion, and France $4.3 billion. As a percentage of GNP, however, the top donors were Denmark, Norway, the Netherlands, Luxembourg, and Sweden. The Netherlands (pop. 16.3 million) gave $3.2 billion in 2001 - almost a third of what America contributed.

The 2003 budget of President Bush proposed $11.4 billion in foreign aid with an additional $4.3 billion for peacekeeping operations and to finance, train, and educate foreign armed forces. By fiscal year 2006, the President's budget requested $9.1 billion for development and humanitarian assistance administered by USAID; the Agency will uniquely program and manage approximately $5.0 billion and manage an additional $4.1 billion in coordination with the Department of State.

The fiscal year 2006 USAID budget request totals $4.22 billion in the following accounts: Child Survival and Health: $1.252 billion, Development Assistance: $1.103 billion, International Disaster and Famine Assistance: $655.5 million, Transition Initiatives: $325 million, P.L. 480 Food for Peace: $885 million. In addition, USAID will manage the following programs with the Department of State: Support for East European Democracies: $382 million, FREEDOM Support Act: $482 million, and Economic Support Funds: $3.036 billion.

USAID states that "U.S. foreign assistance has always had the twofold purpose of furthering America's foreign policy interests in expanding democracy and free markets while improving the lives of the citizens of the developing world." However, some critics say that the US government gives aid to reward political and military partners than to advance genuine social or humanitarian causes abroad.

USAID, in partnership with Higher Education for Development (HED)[2] ], promotes higher education's engagement in social and economic development through institutional and human capacity building in developing countries. Since 1997, more than 250 higher education partnerships in over 60 nations have received USAID funding to strengthen economic capacity, support agricultural productivity, improve health, develop access to clean water, and much more.

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