Bush announces $1 billion aid package for Georgia - KLTV.com - Tyler, Longview, Jacksonville |ETX News

WASHINGTON (AP)

Bush announces $1 billion aid package for Georgia

President Bush plans to send $1 billion in new economic aid to Georgia to help it rebuild after Russia's invasion.

In a statement obtained by The Associated Press, Bush says the pro-Western former Soviet republic "has a strong economic foundation and leaders with an impressive record of reform." The additional assistance, he says, "will help the people of Georgia recover from the assault on their country."

Vice President Cheney, due to arrive in Georgia tomorrow, plans to make the massive aid package a highlight of his discussions with President Saakashvili (sah-kahsh-VIH'-leh).

The International Monetary Fund also announced it has agreed to lend Georgia $750 million for economic recovery.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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