WHY ARE WE ASKING FOR AN ADDITIONAL $5 BILLION FOR POVERTY FOCUSED DEVELOPMENT ASSISTANCE?
|Currently the United States contributes less than one half of one percent of our federal budget for poverty-focused development assistance. We can do better than this.|
- When the leaders of the world?s most powerful countries gathered last summer in Scotland, President Bush committed to double aid to Africa and globally by 2010. To meet this commitment and previous promises the president and Congress have made, poverty-focused development assistance would need to increase by $5 billion each year through 2010. But the president has only requested a $2 billion increase in such assistance for fiscal year 2007. Congress must do better.
- In 2000, 189 countries, including the United States, agreed to a set of eight specific goals for ending widespread hunger, poverty and disease in our world. In order to achieve these Millennium Development Goals, the U.S. share of the needed resources would be $25 billion by 2010. This means our government would need to increase poverty-focused development assistance by $5 billion in each year's budget from 2007 through 2010. Together with the increases gained for Fiscal Year 2006, the United States would come very close to the $25 billion goal.
- The additional $5 billion dollars isn?t just a matter of reaching goals and promises; these funds would go to time-tested, effective programs that save and enrich people?s lives. The funding would be directed through accounts, such as the Child Health and Survival Fund, Global HIV/AIDS Initiative, Millennium Challenge Account, African Development Foundation, Development Assistance, and the International Fund for Agricultural Development, all of which provide urgently needed, effective assistance and resources for the world?s poorest people to be able to help themselves.
- More than 850 million people suffer from chronic hunger and malnutrition.
- Nearly half the world?s population lives on less than $2 per day.
- Every day 30,000 children die from preventable causes, more than half of them related to hunger and malnutrition.