U.S. to announce over $1 billion in aid for Georgia – Reuters

Reuters is running a story that says the US will provide over $1 billion in aid for Georgia.  From the article:

WASHINGTON (Reuters) – The Bush administration will announce on Wednesday an aid package of more than $1 billion to help Georgia rebuild after its war with Russia over the separatist enclave of South Ossetia last month, U.S. officials said.

Sources familiar with the U.S. aid package said it was expected to total about $1.07 billion for reconstruction, with $570 million to be disbursed this year and $500 million subsequently. None of the money is expected to go for military aid, a highly sensitive issue to Moscow, the sources said.

A significant proportion would be devoted to budget support as well as to rebuild housing, transportation and other infrastructure destroyed in the conflict, one source said.

Read on…

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