> Fact Sheet: The U.S. Commitment to Eradicate Hunger and Poverty

\"We fight against poverty because hope is an answer to terror. We fight
against poverty because opportunity is a fundamental right to human
dignity. We fight against poverty because faith requires it and
conscience demands it. And we fight against poverty with a growing
conviction that major progress is within our reach.\"

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President George W. Bush

Monterrey, Mexico

March 22, 2002

# Our Commitment

## Against hunger...

The U.S. government shares the commitment of President Lula of Brazil
and other world leaders to win the fight against hunger and poverty.

The United States has long been a leader in the fight against hunger and
poverty.

The U.S. is the world\'s largest provider of food aid (\$2.4 billion in
2003) and is the leading contributor to the World Food Program, donating
\$1.4 billion in 2003.

The Bush administration actively promotes agricultural development
programs around the world, providing almost \$500 million in such
assistance in 2003. New technologies, with proper market incentives, may
hold the key to raising agricultural productivity and ending hunger.

As G-8 President in 2004, the United States led the international effort
to break the cycle of famine in the Horn of Africa and support Africa\'s
goal of turning agriculture into a modern engine of growth and
opportunity.

*...and the eradication of poverty*

The United States shares the commitment of Brazil and others to the
\"Monterrey Consensus,\" which recognizes that each country has primary
responsibility for its development.

In Monterrey in 2002 President Bush proposed a new compact for
development that increases accountability for rich and poor nations
alike, linking greater contributions by developed nations to greater
responsibility by developing nations. This new compact recognizes that
economic development assistance can be successful only if it is linked
to sound policies in developing countries.

As part of that commitment, the United States promised to increase its
core development assistance by 50% by 2006. We achieved that target in
2003, a full three years early, resulting in a \$5 billion annual
increase over current levels.

Our Millennium Challenge Corporation (MCC) aims to direct significant
official development assistance (ODA) allocations to support domestic
policies propitious for growth and lasting development.

The MCC allocates resources based on quantitative measures of how
developing countries are following through on the promise of Monterrey
by ruling justly, investing in people and encouraging economic freedom.

In actual dollars, the United States is currently the world\'s largest
contributor of ODA, providing \$10 billion in 2000.

But ODA tells only part of the story. As the 2004 UN report \"Unleashing
Entrepreneurship: Making Business Work for the Poor\" makes clear,
domestic private sector resources dwarf traditional development
assistance. The United States is leading the way here as well.

The United States is the top importer of goods from developing
countries, importing \$680 billion in 2003, ten times greater than all
ODA to developing countries from all donors.

We are the number one source of private capital to developing countries,
averaging \$36 billion annually between 1997 and 2000.

And we are leading the world in charitable donations to developing
countries \-- \$4 billion in 2000.

Most importantly, the United States is leading international efforts to
bring good governance, transparency, entrepreneurship, and other sound
economic policies to developing countries so they may unlock unutilized
capital and create incentives for lasting growth.

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