Wednesday, March 31, 2010

Haiti gets nearly $10B in aid pledges

A wide variety of international donors pledged nearly 10 billion dollars in relief effort for the earthquake that occurred in the country. This occurred at a day-long conference at the United Nations headquarters. The UN secretary urged more than 100 donors in attendance from around the world to provide 11.5 billion dollars over the next 10 years to reconstruct the Nation that was devastated by a 7.0 earthquake in January. More than 5 billion of this money will be readily available over the next 18 months. The rest will be available over the coming years if needed to construct their island.

I think that it is great that people are willing to donate huge sums of money to people who are in desperate need of the money. The whole world has really pulled together to help this poor devastated nation and it will surely be greatly appreciated by the Haitians. 10 billions dollars is a huge amount of money but i can image that this amount of money will only get a good start ont eh reconstruction efforts. Because rebuilding an entire nation to a state of which it will be way better than that of what it was before will cost much more than the money that is being given to them. But hopefully their economy will recover and they can support themselves along with the world's help.

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