Obama Announces New US Development Policy

President Barack Obama Wednesday announced a new U.S. international global development policy focused on incentives for economic growth, rather than outright grants of food or financial aid. His address came at the end of a three-day United Nations summit on the U.N.’s Millennium Development Goals.

Mr. Obama is making clear that the United States is not abandoning its role as a leading provider of emergency aid, as seen in its recent response to natural disasters in Haiti and Pakistan. – voanews