For Immediate Release
Office of the Press Secretary
June 27, 2002
Fact Sheet G-7/8 Kananaskis Summit Day Two - U.S. Accomplishments
The Kananaskis Summit concluded with major announcements on key policy
priorities of President Bush:
Stopping the Spread of Weapons of Mass Destruction: President Bush
and G-8 Leaders agreed today to launch a Global Partnership Against the
Spread of Weapons and Materials of Mass Destruction that puts into
action a set of key principles on nonproliferation, which they also
issued,
"G-8 Global Partnership Against the Spread of Weapons and
Materials of Mass Destruction:" President Bush and his G-8 colleagues
agreed today to launch a major new effort to prevent the proliferation
of weapons of mass destruction to terrorists or those who support
them. Under the "G-8 Global Partnership Against the Spread of Weapons
and Material of Mass Destruction," the United States, the G-7 and the
European Commission have agreed to raise up to $20 billion for projects
pertaining to disarmament, nonproliferation, counterterrorism and
nuclear safety, over the next ten years. The United States intends to
provide half of the total funding.
The G-8 Non-Proliferation Principles call for a series of
actions aimed at preventing terrorists -- or those who harbor them --
from acquiring or developing nuclear, chemical, radiological and
biological weapons, missiles, and related materials, equipment and
technology. The G-8 calls on other countries to join them in
implementing these principles.
Africa Action Plan -- Another Step Towards a New Development
Framework: President Bush and other G-8 Leaders also endorsed today an
Action Plan for Africa. This plan tracks President Bush's call earlier
this year for a New Compact for Development, increasing assistance to
those countries committed to governing justly, investing in their
people, and promoting economic freedom. The Plan is a response to the
New Partnership for Africa's Development, a program developed by
African leaders that reflects an understanding that Africa's future
must be determined by Africans, and Africa's Leaders must hold
themselves -- and each other -- accountable.
Making Development Assistance Work -- Strengthening the World Bank:
The G-8 Africa Action Plan issued today reflects support for President
Bush's call for greater accountability, increased resources tied to
effective policies, and delivering more of these resources to the
poorest, most vulnerable countries as grants, not loans. The
President's budget supports these initiatives with an 18 percent
increase in the U.S. contribution to the World Bank window for the
poorest countries, reversing a downward trend during the 1990s:
World Bank Grants: President Bush and other G-7 leaders
supported the recently negotiated G-7 consensus to substantially
increase World Bank grants for funding the development needs of the
poorest countries. Under the G-7 plan, virtually all World Bank
assistance for education, health, nutrition, water and sanitation in
the poorest, most vulnerable countries will be in the form of grants.
And, importantly, 100 percent of assistance to the poorest countries
for HIV/AIDS will be grants.
Measurable Results in World Bank Programs: The World Bank is
developing a U.S.-proposed system to measure the results of assistance
in the poorest countries. The measurement system will make assistance
more effective and help the World Bank direct resources toward projects
with a track record of success. The President's budget supports this
initiative with increases in the U.S. contribution to the World Bank
linked to progress in achieving measurable results in areas such as
education and health.
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