Haiti $2 billion-a-year recovery fund proposed to donors

Jan 19, 2010, 09:10

SANTO DOMINGO (Reuters)

SANTO DOMINGO (Reuters) - Dominican Republic President Leonel Fernandez proposed to international donors on Monday the creation of a $2 billion-a-year fund to finance for five years Haiti's recovery from a devastating earthquake. "We'd be talking about a five-year program of some $10 billion," Fernandez told representatives of foreign governments and international financial institutions at a preliminary donors' conference in Dominican Republic, Haiti's neighbor on the island of Hispaniola. (Reporting by Manuel Jimenez, editing by Pascal Fletcher)