Usually means: U.S.-led Latin American development aid.
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We found 5 dictionaries that define the word alliance for progress:

General (3 matching dictionaries)
  1. Alliance for Progress: Infoplease Dictionary
  2. alliance for progress: Dictionary.com
  3. Alliance for Progress (Peru), Alliance for Progress: Wikipedia, the Free Encyclopedia

Computing (2 matching dictionaries)
  1. Alliance for Progress, Alliance for Progress: Encyclopedia

Definitions from Wikipedia (Alliance for Progress)

noun:  an initiative launched by U.S. President John F. Kennedy on March 13, 1961, that aimed to establish economic cooperation between the U.S. and Latin America.
noun:  a Peruvian political party founded on December 8, 2001 in Trujillo by Cesar Acuña Peralta.

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