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Reuters | Latest Financial News / Full News Coverage: "Tsunami nations agree to monitor aid better


Fri March 18, 2005 6:38 PM GMT 05:30
By Stuart Grudgings and Manny Mogato
MANILA (Reuters) - Tsunami-hit countries and aid agencies agreed on Friday to adopt a new mechanism to keep track of aid and cut down on corruption as they move from the relief phase of the disaster to longer-term rebuilding.
Three months after an earthquake triggered waves that killed or left missing more than 305,000 people, the worst-hit countries are struggling to coordinate huge inflows of aid and ensure that money pledged goes to the places it is most needed.
Haruhiko Kuroda, president of the Manila-based Asian Development Bank (ADB) that hosted the conference attended by about 150 ministers and aid officials, said there had been an agreement to set up a special database to monitor aid."