Since the decolonization of Latin American continent and the attempt of unifying Simon Bolivar, followed by the formulation of the Monroe Doctrine in the years 1820-1830, the continent has gradually sought ways to work towards a common development. But it was not until the creation of the Organization of American States in April 1948, the United States actually have systematized their policy vis-à-vis the Southern States. The policy then by successive Republican administrations did not allow any progress in economic development collaborative. And the Inter-American Conference in Caracas in 1954, John Foster Dulles, then Secretary of State, President Eisenhower responded "Trade, no aid! "1 to requests for public intervention. This is the approach of Brazilian President Kubitschek launched the idea of economic cooperation inter-American Operación Panamericana and explained in a brief submitted 9 August 1958 twenty-one governments, causing the meeting of the "Committee 21 "to Washington in November 1958.First reluctant, but taking into account the threat posed by the successful revolution in Cuba in 1959, Washington took the initiative to turn. Thus, in 1959, created the Inter-American Development Bank (IDB) in the capital of one billion dollars, including 450 million subscribed by the United States - and then negotiated the act of Bogotá, program of social improvement, more that economic development in 1960. The Central American Common Market was also created in the same year.
But it is with President John F. Newly elected Kennedy, the policy of the United States would profoundly change by focusing on economic development, such as "Foreign Assistance Act" in September 1961 which reorganized assistance programs, born with the Marshall Plan in the completely distinguished military aid. In November 1961, President Kennedy created the U.S. Agency for International Development (USAID).
