Safe Water: Currency for Peace Act of 2005 - Amends the Foreign Assistance Act of 1961 to authorize the President to provide: (1) assistance, including health information and education, to advance good health and promote economic development by improving the safety of water supplies, expanding access to safe water and sanitation, promoting sound water management, and promoting better hygiene; and (2) such assistance (including well drilling and maintenance) using local currency payments under title I of the Agricultural Trade Development and Assistance Act of 1954.
Authorizes the President to establish a five-year clean water infrastructure development program. Provides for: (1) congressional consultation; (2) partial loan guarantee assistance; and (3) priority to projects sponsored by or significantly involving U.S. small businesses or cooperatives.
Directs the Secretary of State to implement a foreign assistance strategy to promote economic development by expanding access to safe water and sanitation, promoting sound water management, and improving hygiene.