The Early Years
In 1974, that advisory group was christened HIID, and the Institute expanded its scope to include more countries and economic areas.
HIID now deals with the environment, sociology, education and public health. Starting out with a budget of $3 million in the late 1970s, today HIID uses a budget of between $30 million and $40 million a year to help foreign countries with their development.
In Indonesia, for example, HIID helped assemble a credit program through local banks that lends to the poorest segment of society without the need for any government subsidies.
With more than 20 overseas projects and another 25 international efforts run out of the Cambridge office, HIID has been able to provide a world of good for decades.
Roughly half of HIID's budget comes from the United States Agency for International Development (US AID). The other half is assembled from groups including the World Bank and the governments the Institute consults for.
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