Managing Director of the International Monetary Fund
The saddening and horrific pictures from Haiti after its devastating earthquake brought back vivid memories for me. I lived through an earthquake when I was a young boy in Morocco, and I know how harrowing it is. At that time, there were forty thousand casualties—nothing close to what has happened in Haiti—but I still recall the traumatic scenes of collapsed buildings and mourning families.
Haiti has now been devastated on a far larger scale. The earthquake—the worst in the region in more than 200 years—is the latest in a series of natural and manmade disasters that have, over the years, turned the Caribbean country into the poorest nation in the Western Hemisphere. Some 80 percent of its nine million people live below the poverty line.
Filed under: concessional lending, IMF, International Monetary Fund, LICs, Low-income countries, Multilateral Cooperation | Tagged: Caribbean, Dominique Strauss-Kahn, earthquake, Haiti, Marshall Plan, Montreal, Port-au-Prince, relief supplies | 4 Comments »