By Manuel Jimenez
International donors are aiming to provide $3.8 billion over 18 months to help Haiti rebuild after its January 12 earthquake, according to officials and experts preparing a high-level donors conference.
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The World Bank’s director for the Caribbean, Yvonne Tsikata, described $3.8 billion as an “initial figure” contained in the PDNA document draft.
“It’s a short-term target. It’s work in progress,” she said in a conference call with reporters. She said concrete commitments by donors would be made at the one-day “pledging conference” in New York on March 31.
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To manage the long-term reconstruction, the experts in Santo Domingo proposed the creation of a Multi-Donors Trust Fund (MDTF) to be administered by a steering committee jointly formed by the Haitian government and donors. The World Bank would supervise operation of the fund.
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Speaking in an interview with Reuters, Inter-American Development Bank head Luis Moreno said on Thursday there was also wide support among donor countries to cancel about $1.2 billion in debts on Haiti’s books.
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