President Bush Proposes 75 Percent Increase in Official Development Assistance
The U.S. is the world's largest donor of official development assistance (ODA). Over the next five years, the U.S. proposes to increase ODA to $21.7 billion, a 75 percent increase since President Bush took office.
The President's $15 billion Emergency Plan for AIDS Relief will add an average of $3 billion per year over five years to fight the pandemic in Africa and the Caribbean.
The President's new Millennium Challenge Account Initiative will add $1.3 billion in 2004, ramping up to $5.0 billion by 2006, and continuing at this level thereafter, to reward developing countries that rule justly, foster economic freedom, and invest in their people.
For 2004, the President has proposed a Famine Fund of $200 million, along with a U.S. Emergency Fund for Complex Foreign Crises of $100 million, to ensure that the U.S. can provide an immediate and flexible response to major famine crises.
The Water for the Poor Initiative will provide $970 million over the next three years to increase access to clean water for 50 million people in the developing world.