Earth Times has just reported that Haiti received pledges totalling 9.9 billion dollars today at the day-long Haiti donor conference held in New York City. The pledges will support rebuilding the country after it was devastated by an earthquake on January 12. Of the total pledged, 5.3 billion dollars will be distributed to carry out a short-term, 18-month plan which the Haitian government said is “crucial to jump-start the recovery and reconstruction” of the nation.
United Nations Secretary-General Ban Ki-moon called the outpouring of generosity for Haiti “good news.” “This is the down-payment Haiti needs for the wholesale renewal,” Ban said. “It is the way to building back better.” Haitian President Rene Preval thanked the international community for the “heartfelt pledges.”
The United States was one of the biggest donors, pledging 1.5 billion dollars. US Secretary of State Hillary Rodham Clinton said the money will go toward, “Supporting the government of Haiti’s plan to strengthen agriculture, energy, health, and security and governance.”
The European Union pledged a total of 1.6 billion dollars from the group’s 27 members and the European Commission. An alliance of Latin American countries (ALBA) will contribute up to 1.8 billion dollars, and Japan pledged a further 30 million dollars (in addition to the 70 million already announced.) Many other countries pledged funds.
The World Bank will commit 250 million dollars in new money for Haiti, for a total of 479 million dollars. That includes a cancellation of all outstanding debt that Haiti owes the global lender. Many other governments also promised to cancel Haiti’s debt to help it recover.
The pledges raised on Wednesday will go toward a multi-donor trust fund, which will be entrusted to manage the donated funds. [EarthTimes]
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