Finance Ministry to offer eight T-bill, bond tenders worth EGP 190bn this week    US forces capture Maduro in "Midnight Hammer" raid; Trump pledges US governance of Venezuela    Gold slips at start of 2026 as thin liquidity triggers profit-taking: Gold Bullion    ETA begins receiving 2025 tax returns, announces expanded support measures    Port Said health facilities record 362,662 medical services throughout 2025    Madbouly inspects Luxor healthcare facilities as Universal Insurance expands in Upper Egypt    Nuclear shields and new recruits: France braces for a Europe without Washington    Cairo conducts intensive contacts to halt Yemen fighting as government forces seize key port    Gold prices in Egypt end 2025's final session lower    From Niche to National Asset: Inside the Egyptian Golf Federation's Institutional Rebirth    Egyptian pound edges lower against dollar in Wednesday's early trade    Oil to end 2025 with sharp losses    5th-century BC industrial hub, Roman burials discovered in Egypt's West Delta    Egyptian-Italian team uncovers ancient workshops, Roman cemetery in Western Nile Delta    Egypt to cover private healthcare costs under universal insurance scheme, says PM at New Giza University Hospital opening    Egypt completes restoration of 43 historical agreements, 13 maps for Foreign Ministry archive    Egypt, Viatris sign MoU to expand presidential mental health initiative    Egypt sends medical convoy, supplies to Sudan to support healthcare sector    Egypt's PM reviews rollout of second phase of universal health insurance scheme    Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Egypt flags red lines, urges Sudan unity, civilian protection    Egypt unveils restored colossal statues of King Amenhotep III at Luxor mortuary temple    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    UNESCO adds Egyptian Koshari to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Donors pledge billions for Haiti aid
Published in Almasry Alyoum on 01 - 04 - 2010

International donors on Wednesday pledged US$5.3 billion to Haiti, exceeding expectations in a worldwide drive to rebuild the country after January's shattering earthquake.
Ban told reporters at the end of a one-day donors conference at UN headquarters that the pledges were "far beyond expectations." The world body had hoped to raise US$3.9 billion at the conference to help the impoverished Caribbean nation over the next two years.
Some 120 countries also made a total longer-term commitment of some US$9 billion, a figure that includes the US$5.3 billion in shorter term aid. "This is the down payment Haiti needs for wholesale national renewal. It is the way to build back better," Ban said.
Ban had called for quick donations in response to a UN request for US$1.4 billion in immediate humanitarian assistance for Haiti, which even before the 12 January earthquake was the poorest country in the western hemisphere.
So far, the request has only been half funded, fueling fears that the rainy season will compound the disaster for some 1.2 million Haitians left homeless by the disaster.
US Secretary of State Hillary Clinton, co-host of Wednesday's meeting, said the United States would pledge US$1.15 billion for long-term recovery, which she said must be planned and executed by Haiti's government.
"Aid is important but aid has never saved a country. Our goal must be the empowerment of the Haitian people. They're the ones who will carry on the work of rebuilding Haiti long after our involvement has ended," she said.
Clinton was joined at the meeting by her husband, former US President Bill Clinton, the UN special envoy for Haiti who will coordinate relief efforts for the country.
A Haitian plan
The UN meeting seeks to raise funds for a Haitian government recovery plan that includes decentralizing the economy to create jobs and wealth outside Port-au-Prince, the capital of some four million people.
Haitian President Rene Preval thanked donors and told reporters his country "must take advantage of this opportunity that we now have."
"I appeal to my fellow Haitians to understand the effort that has now been made by the international community and the responsibility that we now have in the interests of our country to respond rapidly and appropriately," Preval said.
Haitian Prime Minister Jean-Max Bellerive said his government, which saw all but one of its ministries destroyed, had a vision for Haiti's future but needed urgent help.
Aid agencies say the task is huge. Haiti suffered as many as 300,000 people killed in the magnitude 7.0 earthquake, which crippled the government and caused damage estimated at between US$8 and US$14 billion.
Ban said the United Nations would use an internet-based system to track whether the funds were being spent as agreed.
In the crowded, squalid quake survivors' camps of Port-au-Prince, thousands clamored for basic necessities. Overnight rains soaked fragile shelters and turned dusty alleyways to mud.
"We need water, food, toilets, healthcare, light and tents -- shelter," said Silverin Nono, the leader of a camp that has mushroomed across a barren, garbage-strewn hillside called Bas-Canaan north of the city.
International aid agency Oxfam said although the total funding pledged was impressive, countries must ensure it is new money, "not recycled money taken from other humanitarian crises."
"The poor and vulnerable of other disasters should not be paying for this," said Oxfam spokesman Philippe Mathieu.
International Monetary Fund Managing Director Dominique Strauss-Kahn said that if the world community fulfills its pledges, Haiti's economy could grow at an average eight percent in coming years--almost 50 percent faster than under previous IMF forecasts.
"That's possible, but condition one is to have the Haitian authorities really in the driver's seat," he told reporters.


Clic here to read the story from its source.