Haiti $2 billion-a-year recovery fund proposed to donors
SANTO DOMINGO |
SANTO DOMINGO (Reuters) - Dominican Republic President Leonel Fernandez proposed to international donors on Monday the creation of a $2 billion-a-year fund to finance for five years Haiti's recovery from a devastating earthquake.
"We'd be talking about a five-year program of some $10 billion," Fernandez told representatives of foreign governments and international financial institutions at a preliminary donors' conference in Dominican Republic, Haiti's neighbor on the island of Hispaniola.
(Reporting by Manuel Jimenez, editing by Pascal Fletcher)
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JamesGundun wrote:
The magnitude of the earthquake and its aftermath is still being under-estimated. A lot more than 2$ billion per year will be needed to rebuild Haiti properly – tens of billions of dollars – but at least this is a good start. The next challenge will be putting Dr. Paul Farmer in overall command of US efforts to rebuild Haiti. This seems like a make or break decision as it demonstrates whether President Obama has a true understanding of Haiti’s history.
www.hadalzone.blogspot.com is 24 hour foreign policy.
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