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View Full Version : Haiti needs US$11.5 billion



NewsWhore
03-17-2010, 04:30 PM
The creation of new urban and production centers outside of over-populated Port-au-Prince is the focus of the recommendations that will be made to donors at the World Summit for Haiti scheduled for the United Nations on 31 March. Delegates of 28 nations met in Santo Domingo to discuss a proposals for sustainable development in Haiti. Prior to the 12 January earthquake, 65% of all economic activity in Haiti was concentrated in the capital city.
A plan for building of Haiti for US$11.5 billion was presented at the preparatory conference. The investment would be made over a three-year period according to the Haitian government plan. The plan has the support of the Economic Commission for Latin America (ECLAC), the United Nations, the World Bank and the InterAmerican Development Bank (IDB). The plan contemplates goals for 6, 18 and 36 month terms.
Of the total, US$5.57 billion would be invested in social services, including US$546 million for health services, US$2.6 billion for education, US$1.06 billion for nutrition; US$1.07 billion for water services and US$292 million for sports.
Infrastructure investments would total US$1.9 billion, including US$660 million for housing, US$596 million into transport; US$347 million for energy; US$249 million urban and rural works and US$68 million for telecommunications. In the productive sectors, US$987 million would be invested, including US$720 million for farming; US$233 million industry and commerce and US$33.7 million tourism.
For environmental and disaster mitigation efforts, US$1.7 billion, including US$834 million to deal with contamination, US$440.5 million to environment management and US$423 million for sanitary installations, and US$30 million for environmental governance.
For the government, US$806 million has been budgeted, including US$350 million for the judiciary; US$381 million for public services and US$75 million for strengthening of democracy. In addition, US$433 million would be used for youth programs and US$28 million for women's programs.
Ricardo Zapata Marti, spokesman for ECLAC, estimated that more than 222,570 persons died, and there were material losses of US$7.8 billion. Some 869 persons are missing, there are 310,928 injured, and 1.5 million affected, 1.3 billion in refugee camps and 766,724 are homeless. He said that 71% of the population lives in extreme poverty in Haiti.
Economy Minister Temistocles Montas urged support for Haiti. He said that if the tragedy is not adequately met the entire island and the Caribbean would feel the effect of the lack of governance. He called for an immediate injection of US$200 million in budgetary aide.

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