This 5-cent stamp was issued through the Washington, DC, post office, on August 17, 1963, to mark the second anniversary of the Alliance for Progress, the program under which the American nations pool their resources for economic and social development. William K. Schrage designed the stamp, his image being based on the emblem of the Alliance for Progress.
This stamp was printed on the Giori press and issued in panes of fifty stamps each. An initial printing of 130 million stamps was authorized.
Postal Bulletin (July 18, 1963).