Azerbaijan, Baku / Trend corr. U.Ismaylova / We can call Azerbaijan a successful country taking into consideration its economic development, USAID Senior Advisor Arnold Herbarger said in Baku on 30 November.
The rate of economic development has exceeded 30% in Azerbaijan in 2007. Harberger said that the similar quantity of oil and low number of the population in one of the states in America may only have an effect on GDP as America is the huge country. Taking into consideration the area of Azerbaijan, the volume of oil is realistic for this country. He added " Azerbaijan is a very interesting and important country for the United States".
USAID became the first U.S. foreign assistance organization whose primary emphasis was on long-range economic and social development assistance efforts. Freed from political and military functions that plagued its predecessor organizations, USAID was able to offer direct support to the developing nations of the world. The agency unified already existing U.S. aid efforts, combining the economic and technical assistance operations of the International Cooperation Agency, the loan activities of the Development Loan Fund, the local currency functions of the Export-Import Bank, and the agricultural surplus distribution activities of the Food for Peace program of the Department of Agriculture.