InterAction is pleased that President Obama has followed through on his promise to elevate global development to be as important a U.S. foreign policy component as defense and diplomacy. During his speech on Wednesday, September 22, at the United Nations Millennium Development Goals Summit, Obama announced the United States will formulate the first-ever U.S. Global Development Strategy which recognizes development to be a strategic, economic and moral imperative, emphasizing the importance of economic growth for the eradication of poverty.