inter american foundation
Inter-American Foundation. An independent federal foundation that supports social and economic development in Latin America and the Caribbean by making grants to private, indigenous organizations that carry out self-help projects benefiting poor people. • The agency is governed by a nine-member board — six from the private sector and three from the government. It was created in 1969 as an experimental foreign-assistance program. 22 USCA § 290f. — Abbr. IAF.
