Reply #2: Actually, it was $5 Billion (corrected on Edit)

[mcscajun]

that he announced in his State of the Union. I don't recall the conference you mention.

But this quote comes from today's editorial in the NY Times:
"Bush announced his Millennium Challenge account to give African countries development assistance of up to $5 billion a year, but the account has yet to disperse a single dollar."

On edit: maybe I'm confusing this amount with the AIDS amount. There are so many pledges that Bush hasn't honored, it's hard to keep up, ya' know.

Aha! Further research turned up the following link: http://www.avert.org/pepfar.htm