Fact Sheet G-7/8 Kananaskis Summit Day Two - U.S. Accomplishments (Text Only)

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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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