Nearly five years after a 7.0 magnitude quake killed hundreds of thousands of its citizens, Haiti’s recovery efforts remain muddled and confused, with the whereabouts of the billions of dollars pledged by the international community an apparent mystery to the country’s leaders.
“We don’t know where the money has gone,” Raymond Joseph, former ambassador of Haiti to the U.S., said Friday in an interview on Bloomberg’s “Market Makers.”
In 2010, Haiti was rocked by a deadly earthquake that claimed the lives of between 200,000 and 300,000 people. In response to the tragedy, the international community pledged an estimated nine billion dollars in foreign aid to help Haiti's recovery efforts.
However, according to Joseph, much of the pledged cash never made it to Haiti. And the money that did make it to Haiti has mysteriously disappeared.
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Monday, January 12, 2015
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