The Inter-American Foundation, an agency whose primary action was to issue foreign grants ($60M budget), has been reduced to its statutory minimum (1 active employee). Examples of grants that were cancelled in the process:

– $903,811 for alpaca farming in Peru
– $364,500 to

The Inter-American Foundation (IAF), once a key player in providing foreign grants with a budget of $60 million, has seen a drastic reduction in its operations, now functioning with just one active employee. This significant downsizing has led to the cancellation of numerous grants aimed at supporting various development initiatives across Latin America. Notable examples include a $903,811 grant intended to boost alpaca farming in Peru, which aimed to enhance local economies and promote sustainable agricultural practices. Additionally, a $364,500 grant was also scrapped, highlighting the agency’s diminished capacity to foster economic development in the region. The drastic cutbacks raise concerns about the future of similar programs and the broader implications for grassroots development efforts in Latin America and the Caribbean.

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