The Washington Accord, signed in 1989, should not be confused with us as a financial institution, instead, it is an international agreement to simplify the process of accrediting engineering degree programs not just in the United States, but around the world.
The key point with The Washington Accord it covers the undergraduate degrees in the engineering field. It also has an Outcome-based approach in terms of education. For countries like India, it is a great move as they can now have their engineers be recognized around the world.
The Washington Accord is among the bodies solely responsible for the complex methods for accrediting engineering degree programs. It recognizes the substantial equivalency of programs accredited by those bodies and recommends that graduates of programs accredited by any of the signatory bodies be recognized by the other bodies as having met the academic requirements for entry to the practice of engineering.