Haiti unveils reconstruction plan

Draft plan states that $11.5bn is needed to rebuild following devastating earthquake.

    The report said that the earthquake caused damage to the value of 120 per cent of Haiti's GDP [EPA]

    The proposal addresses economic and governance issues in the country, including reforming the judiciary.

    The funds would be needed for "reconstructing the state and the economy in the service of all Haitians," the report said.

    'Unprecedented situation'

    The report was published two months after the January 12 earthquake killed more than 220,000 people in Port-au-Prince and its surrounding towns and villages.

    special report
    Special Report: Haiti earthquake

    "The earthquake has created an unprecedented situation, amplified by the fact that it struck the country's most populous region and its economic and administrative centre," the report said.

    "The total amount of money needed stands at $11.5bn and breaks down like this: 50 per cent for the social sector, 17 per cent for infrastructure including housing, and 15 per cent for the environment and disaster risk management," it said.

    However, Patrick Delatour, Haiti's tourism minister, said that the actual figure needed could end up being anything between $8bn and $14bn.

    The 7.0 magnitude earthquake caused damage of more than $7.9bn - about 120 per cent of the country's gross national product (GDP) - according to the report.

    About 70 per cent of those losses were attributed to the private sector while $4.4bn of damage was to public buildings and infrastructure.

    The government said in the report that they would develop infrastructure and new economic opportunities outside Port-au-Prince and decentralise power during the reconstruction process.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Do you really know the price of milk?

    Do you really know the price of milk?

    Answer as many correct questions as you can and see where your country ranks in the global cost of living.

    The Coming War on China

    The Coming War on China

    Journalist John Pilger on how the world's greatest military power, the US, may well be on the road to war with China.