WASHINGTON (AP) — President Bush is sending $1 billion in new economic aid to Georgia to help the pro-Western former Soviet republic rebuild after Russia's invasion.

Bush made the announcement Wednesday in a statement obtained by The Associated Press. He says the money will meet humanitarian needs in the wake of last month's war, such as resettling families that were displaced. The money also will help the tiny nation rebuild infrastructure and boost its economy.

The president said more than half of the funds will be made available soon, leaving a sizable portion up to the discretion of a future Congress and the next occupant of the White House.