The World Bank announced last Friday, June 18, that the governments of Australia and Norway have signed contributions to the Haiti Reconstruction Fund (HRF). According to the World Bank, Australia honored its pledge for AUS$10 million (US$8.64 million) made at the United Nations meeting in March. Norway has honored its pledge for NOK$200 million (US$31.2 million), [...]
Continue reading...Thursday, June 3, 2010
Dominican President Leonel Fernandez said that the World Bank will set up a fiduciary trust to receive the international community’s donations to be used in Haiti’s reconstruction, following January’s devastating earthquake. “Those nations, those organizations that desire to work through the World Bank in the execution of their projects can contribute to the creation of this [...]
Continue reading...Monday, May 31, 2010
The World Bank canceled the remaining US$36 million of the debt Haiti had with the help of contributions from 13 other countries, the multilateral institution said on Friday. With the announcement, Haiti has nothing further to pay to the World Bank. The Caribbean country owed the debt to the International Development Association (IDA), the institution’s fund for [...]
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Tuesday, June 22, 2010
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