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Haiti: U.S. Adds $120 Million in Aid

Six months after the Haiti Recovery Fund was established to help the earthquake-shattered country, the United States announced Wednesday that it had signed an agreement to contribute $120 million to the fund. The long-awaited American contribution will nearly double the assets of the fund, which is only one source of reconstruction financing. Although the United States spent more than $1 billion in humanitarian aid to Haiti after the earthquake, it has been slow to honor its pledge to the recovery fund as well as its overall promise of $1.15 billion in reconstruction money. Announcing the contribution at the third meeting of Haiti’s reconstruction commission, Cheryl Mills, chief of staff to Secretary of State Hillary Rodham Clinton, said that the United States preferred that 75 percent go toward rubble removal and housing repairs.

sources



Written on Thursday, 07 October 2010 07:08 by Administrator

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