Business
Haiti reconstruction gaining momentum: Worldbank VP to visit
Monday, February 6, 2012
The bank said it was helping boost Haiti’s disaster risk management, agriculture and business development through a crisis response programme worth US$ 255 million.
The World Bank said the Haitian economy contracted by 5.4 percent in 2010, but is projected to have grown by 5.1 percent in 2011, in large part due to reconstruction efforts.
The January 12, 2010 earthquake left over 220,000 Haitians dead and a further 300,000 injured, significantly worsening poverty and living conditions for the poorest nation in the Americas.
The World Bank estimates that the quake wiped out about 120 percent of the country’s Gross Domestic Product (GDP), the total value of goods and services in the economy.
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