EU Will Donate $1.6 Billion For Haitian Reconstruction

EU Will Donate $1.6 Billion For Haitian Reconstruction

By Dialogo
March 31, 2010

The European Union (EU) announced a donation of 1.2 billion euros (1.6 billion dollars) at the international conference on Haitian reconstruction being held in New York, organized after January’s devastating earthquake. This amount, which will be delivered over the next three years, corresponds to the total contributions of the European Commission (the executive organ of the twenty-seven members), the European Investment Bank (EIB), and the individual member states, a spokeswoman for the chief European diplomat, Catherine Ashton, explained. More than a hundred countries, along with international bodies, are meeting at the UN’s New York headquarters in a donor conference for Haiti, where the 12 January earthquake took at least 220,000 lives and left 1.3 million survivors in need of aid. The goal of the meeting is to collect around 3.8 billion dollars immediately, out of a total of 11.5 billions of dollars of aid that is estimated to be needed to rebuild the small country in ten years.
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