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Fact Sheet: A Record of Commitment to Africa

posted 18 Feb 2013, 12:15 by Mpelembe   [ updated 18 Feb 2013, 12:16 ]
U.S. Plans to Substantially Increase Resources for Fight against

GDANSK, Poland--(BUSINESS WIRE)--Today, Leaders Of Industrialized
Nations Discussed Africa At The G-8 Summit In Heiligendamm, Germany.
President and Mrs. Bush and other world leaders concluded the
three-day G-8 Summit, which was hosted by German Chancellor Merkel. At
the Summit, G-8 leaders demonstrated their commitment to work with
Africa to facilitate opportunity and conflict resolution and to combat
the scourge of infectious diseases.

President Bush Plans To Double America's Commitment To Fight Global HIV/AIDS

President Bush Has Announced A Five-Year, $30 Billion Plan To
Substantially Increase America's Commitment To Fight Global HIV/AIDS.
The President will work with Congress to reauthorize the President's
Emergency Plan For AIDS Relief (PEPFAR) and double the initial $15
billion commitment, already the largest international health
initiative dedicated to a specific disease. Assuming Congress meets
the President's request for Fiscal Year 2008, and with the new $30
billion plan, the American people have committed $48.3 billion across
10 years to fight global HIV/AIDS.

After Three Years Of PEPFAR Implementation, The American People Have
Supported Treatment For 1.1 Million People In 15 Countries, Including
More Than 1 Million In Africa. The next phase of the American people's
commitment to those suffering from HIV/AIDS will continue to expand
life-saving treatment, comprehensive prevention programs, and care for
those in need, including orphans and vulnerable children, to support:
-- Treatment for 2.5 million people.
-- Prevention of more than 12 million new infections.
-- Care for more than 12 million people, including 5 million orphans
and vulnerable children.

President Bush Has Called On Developed And Developing Countries – In
Particular Middle-Income Countries Where Projections Suggest Many New
Infections Will Occur – To Increase Their Contributions To Fighting
AIDS. HIV/AIDS is a global crisis that requires a global response. The
U.S. currently provides as many resources for global HIV/AIDS as all
other developed country governments combined. But only together can we
turn the tide against the global epidemic.
The President's Malaria Initiative Is Saving Lives

The President's Malaria Initiative Is Combating Malaria In Fifteen Of
The Hardest-Hit African Countries. President Bush announced the
President's Malaria Initiative (PMI) in June 2005. A five-year, $1.2
billion program, PMI challenges the private sector to join the U.S.
government in combating malaria, with the goal of cutting malaria's
mortality rate by 50 percent in these target countries, freeing these
African nations and their citizens from the grip of debilitating

Through Partnerships Working In The First Three Target Countries –
Angola, Tanzania, And Uganda – Aid From The American People Has
Already Reached About Six Million Africans. In 2007, 30 million more
will receive life-saving medicines, sprays, and nets as the program
expands. Other target countries include: Benin, Ethiopia, Ghana,
Kenya, Liberia, Madagascar, Malawi, Mali, Mozambique, Rwanda, Senegal,
and Zambia.
The Africa Financial Sector Initiative Will Address Gaps In Financing
Sources Available To African Businesses

The Africa Financial Sector Initiative (AFSI) Will Strengthen
Financial Markets, Mobilize Domestic And Foreign Investment, And Help
Spur Job Creation And Economic Growth In Africa. This initiative is
expected to mobilize up to $1 billion in privately-managed investment
funds for Africa and provide expert technical assistance specifically
tailored to help address structural impediments in Africa's financial

The Overseas Private Investment Corporation (OPIC), An Independent
U.S. Government Agency, Will Support The Creation Of New Private
Equity Funds That May Mobilize Up To $800 Million Of Additional
Investment In Africa.
-- These dedicated funds will offer new financial instruments and
services to African businesses, such as long-term debt, local currency
debt, mezzanine financing, securities underwriting, and corporate bond
-- Members of the U.S. financial community have already submitted 25
proposals to OPIC for the Africa Capital Markets Fund, and OPIC will
select funds to support by September 2007.

OPIC Has Also Issued An Innovative Call For Proposals Seeking Private
Equity Funds To Provide Capital To Businesses Serving Important Social
Needs In Africa And Contributing To The Grassroots Development Of Its
Private Sector. These dedicated funds will:
-- Provide capital to businesses in sectors with a high developmental
impact, such as water, healthcare, small and medium enterprise
development, and education.
-- Attract investors that prioritize both financial and social returns.

The AFSI Technical Assistance Will Help Improve The Financial Sector
Climate With The Goal Of Facilitating Increased Domestic And
International Investment. Activities will:
-- Strengthen country and regional debt markets by providing up to 10
Treasury Department advisors through the FY 2008 to FY 2010 period.
-- Launch remittance programs in Nigeria and West Africa through USAID
to lower the cost of transfers.
-- Develop payment systems and credit bureaus to support local retail
and commercial banking.

The U.S. Is Expanding Education For The World's Poorest Children

Last Week, President Bush Announced A Plan To Expand Education
Assistance For Children In The World's Poorest Countries. The
President will work closely with Congress to provide an additional
$525 million over five years to promote the full development of human
potential in partner countries around the world. This plan has three

1. "Communities Of Opportunity" Centers: These new centers will offer
after-school training in English, computer skills, science, math,
finance, and critical thinking to 100,000 at-risk youth in developing

2. Expanding Support For Basic Education Programs: The Administration
will expand its support for basic education assistance in developing
countries to provide up to 4 million more children with access to
quality basic education in initial target countries through
comprehensive programs.

3. Better Coordination Of Education Resources: A new Coordinator for
Education, based at the USAID, will direct a strategic use of
resources that builds on America's current support for basic
education, child health, and nutrition overseas. Resources will be
targeted to countries that demonstrate a strong commitment – including
Fast Track Initiative endorsed education plans, budget transparency,
and increased government spending on education.

This Plan Will Draw On Partnerships With The Private Sector, Including
Business And Non-Governmental Organization Leaders, Local Communities,
And Parents, To Further Expand Its Impact.

The U.S. Is On Track To Meet Its Goal Of Doubling Assistance To
Sub-Saharan Africa

At The Gleneagles G-8 Summit In 2005, President Bush Announced That
The United States Would Double Assistance To Sub-Saharan Africa
Between 2004 And 2010 To $8.67 Billion. The United States is on track
to meet that goal with a preliminary estimate of $6.5 billion of
bilateral and multilateral assistance in 2006.

To Help Build On The Success Of The President's Development Agenda,
Mrs. Bush Will Visit Senegal, Mozambique, Zambia, And Mali On June
25-29, 2007. While in Africa, Mrs. Bush will meet with community
leaders and visit participants in PEPFAR, PMI, and USAID's Africa
Education Initiative programs.