"Today, I call for a new compact for global development, defined by new accountability for both rich and poor nations alike," states President George W. Bush in his address at the Inter-American Development Bank in Washington, D.C. March 14. Accompanying the President from left to right are: the lead singer of U2, Bono; Cardinal McCarrick and Worldbank President Jim Wolfensohn. "Greater contributions from developed nations must be linked to greater responsibility from developing nations," explained President Bush. "The United States will lead by example. We will increase our development assistance by $5 billion over the three -- over the next three budget cycles. This new money above and beyond existing aid requests." White House photo by Tina Hager.

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Home > News & Policies > March 2002

"Today, I call for a new compact for global development, defined by new accountability for both rich and poor nations alike," states President George W. Bush in his address at the Inter-American Development Bank in Washington, D.C. March 14. Accompanying the President from left to right are: the lead singer of U2, Bono; Cardinal McCarrick and Worldbank President Jim Wolfensohn. "Greater contributions from developed nations must be linked to greater responsibility from developing nations," explained President Bush. "The United States will lead by example. We will increase our development assistance by $5 billion over the three -- over the next three budget cycles. This new money above and beyond existing aid requests." White House photo by Tina Hager.