U.S. Pledge at the Tokyo Donors' Conference
U.S. Special Representative for Afghanistan and Pakistan Richard C. Holbrooke announced the United Statesí intent to provide support to the Government of Pakistan totaling $1 billion over a two year period (2009-2010) at the April 17, 2009 Donors Conference in Tokyo to support Pakistanís International Monetary Fund (IMF) Stand-By Arrangement. The U.S. assistance, which is subject to Congressional approval, will support development and social safety net spending to meet Pakistanís short term needs, as identified by the IMF. This $1 billion is a down payment on President Obamaís commitment to support a bipartisan bill in the U.S. Congress, co-sponsored by Senators John Kerry and Richard Lugar, that authorizes $1.5 billion in direct support to the Pakistani people every year over the next five years to build schools, roads, and hospitals; help farmers improve their ability to raise crops and deliver them to the marketplace; stimulate new energy infrastructure; and strengthen Pakistanís democracy.
We will work closely with Congress on an assistance package that includes budget assistance, project assistance, and project sector grants. The package will support Pakistanís economic reform program and seek to strengthen its economic growth and stability. Assistance will be directed to agriculture, education, health, poverty alleviation, and energy. As President Obama has made clear, the U.S. is committed to working with the Government of Pakistan and the international community to assist the people of Pakistan. With help from Congress, we will help meet our commitment with an assistance package that helps address Pakistanís most urgent social, economic, and welfare needs.
The U.S. is the single largest bilateral donor to the Pakistani people.