Friday, January 14, 2005

Worldandnation: Tsunami pledges may not be as generous as they seem

Worldandnation: Tsunami pledges may not be as generous as they seem: "Tsunami pledges may not be as generous as they seem
By wire services
Published January 14, 2005

UNITED NATIONS - In the three weeks since the Indian Ocean tsunami, the United Nations has credited more than 40 governments, the World Bank and the Asian Development Bank with pledges of assistance valued at nearly $4-billion.
But hundreds of millions of dollars in those pledges had already been committed to development projects in the region. And as much as half of the total is for interest-free loans, which the United Nations traditionally does not count as humanitarian aid."

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