/CORRECTION*/HAITI: Donors Pledge 10 Billion Dollars in Aid

/CORRECTION*/HAITI: Donors Pledge 10 Billion Dollars in Aid, by Armin Rosen Eleven weeks after an earthquake killed over two percent of its population and flattened its capital city, Haiti is looking towards a long and complex rebuilding process.

On Wednesday, 59 U.N. member states, international institutions and NGO coalitions pledged over five billion dollars towards the nation's near-term reconstruction, with almost 10 billion dollars towards reconstruction costs over the next decade. Donors shattered the pre-conference goal of 3.9 billion dollars for the next 18 months.

"By their actions this day, the friends of Haiti have acted far beyond expectations," said U.N. Secretary General Ban Ki-Moon. "We can report very good news."

The funds will establish an interim redevelopment commission that will help the country transition from its current humanitarian emergency to a long-term rebuilding process. More...