Thursday, January 06, 2005

Australian Financial Review -Money can be slow to Flow

Australian Financial Review -: "Money can be slow to flow
Jan 07
Maggie Farley | Los Angeles Times | New York

The world has responded to the Indian Ocean tsunami with an unprecedented outpouring of financial pledges. But much of that money may never make it to the stricken areas and some of it was headed there anyway, said aid analysts and government officials in countries still awaiting funds promised for earlier natural disasters.
UN Secretary-General Kofi Annan said he was overwhelmed by governmental pledges of more than $US3 billion ($3.9 billion). But then doubts from past experience crept in. 'I hope all the money will be delivered,' he said."


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