USAID launched three grand challenges for development – to save lives at birth, get all children reading, and power agriculture through clean energy. We’ve also created new funding mechanisms that will help bring new ideas to scale like our Development Innovation Ventures program, which is supporting new solutions to prevent electoral fraud and to expand access to credit for underserved populations.

The United States Embassy Kuala Lumpur and the Sultan Ismail Library is holding a special photo exhibition called An Enduring Bond to celebrate the 50th anniversary of the Peace Corps.

The Public Diplomacy Division of the Ministry of External Affairs (MEA), India and YouTube announced the launch of a short film contest ‘India Is…A Visual Journey’. The contest aims at inspiring film makers, students and video enthusiasts. It will be open to participants across the globe.

Malaysia has emerged third among the “Future 15” countries that are on course to transform the global landscape economically, politically and culturally in the coming years. In a global survey by brand consultancy FutureBrand, Malaysia's inclusion in the list was attributed to its strengths in governance, investment, human capital, growth, sustainability and influence.

Without a doubt, the Philippines is finally on the move -- and well on its way to regain its long-sought place of pride among Asian nations. After decades of stagnation, political uncertainties, and anemic economic performance, the country has emerged from the ashes of despair, confidently riding on a wave of cautious optimism.

In marked contrast to a euphoric surge four years ago, when many hailed Mr. Obama’s victory as a herald of renewal, the mood was subdued, reflecting not only the shadings of opinion between the American leader’s friends and foes but also a generally lowered expectation of America’s power overseas.

Supporters of both candidates rode an emotional rollercoaster last night as results were slowly reported, ending in disappointment for some, elation for others, as Barack Obama now heads into a second term as President of the United States. Collected here are images from yesterday's election, from here at home, and abroad.

By shifting from aid to investment, from throwing money at governments to targeting projects with the private sector, from dictating terms to encouraging reforms, the U.S. can with greater agility and precision affect how development plays out in poorer countries worldwide.