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Edition: U.S. Article Save Email Print Reprints Most Popular Most Shared UPDATE 2-Obama dares Republicans to seek healthcare repeal 25 Mar 2010 U.S. looks to export drone technology to allies 25 Mar 2010 Euro edges up on Greece aid plan but markets wary | Video 25 Mar 2010 Sex toy startup has some big backers 17 Mar 2010 Wi-fi phones bloom as network clogging cramps carriers 25 Mar 2010 Marijuana legalization will be on California ballot 25 Mar 2010 UPDATE 2-Obama dares Republicans to seek healthcare repeal 25 Mar 2010 U.S. and UK patent offices plan work sharing deal 10 Mar 2010 UPDATE 4-Cemex sees first quarter net loss, shares tumble 24 Mar 2010 Congress approves Obama's overhaul of student loans 25 Mar 2010 Special Report From the age of labor to the labor of age For economies to grow, older people will have to work for longer but many employers don't want them. Something has to give. Full Article Ageing Europe: an apprentice at 70 Retired, and supporting a family Factbox: Legal conditions for retirement in Europe Lock-in is no get-out from retirement Pension funds mix it up to tackle longevity EU, U.S. aid groups to pledge about $2.7 billion for Haiti Michelle Nichols NEW YORK Thu Mar 25, 2010 10:17pm EDT Related News UPDATE 1-EU, US aid groups to pledge about $2.7 bln for Haiti Thu, Mar 25 2010 Donors plan to put up $3.8 billion for Haiti rebuilding Thu, Mar 18 2010 People carry plastic shelter materials after heavy rain at a makeshift tent camp in Port-au-Prince, Haiti February 22, 2010. Credit: Reuters/Carlos Barria NEW YORK (Reuters) - More than $2.7 billion in pledges of aid to help earthquake-wracked Haiti recover and rebuild will be made next week by the European Union and a coalition of U.S.-based humanitarian groups at a U.N. conference. World | Natural Disasters The European Union is likely to commit 1.3 billion euros ($1.73 billion) over three years at a planned March 31 donor meeting, said Kristalina Georgieva, E.U. Commissioner for International Cooperation, Humanitarian Aid and Crisis Response. But she told reporters at a meeting of aid groups on Thursday that the European Union wanted results for its money. "The financial crisis forced everyone to be much more focused on what they are getting," Georgieva said. "In Europe we can only keep our taxpayers as generous as they have been ... if we can show the results of what they are paying for." "We will very much insist that we work together on clear indicators for results so we can say 'this is what resources bring for the benefit of the people in Haiti,'" she said. At least 222,570 people and possibly more than 300,000 were killed when an earthquake struck Haiti's capital Port-au-Prince on January 12 in what some experts are calling the deadliest natural disaster of modern times. The economy and infrastructure of the impoverished Caribbean nation were decimated by the magnitude 7 quake. The meeting on Thursday of nongovernmental organizations (NGOs) to discuss their role in Haiti's recovery was hosted by U.N. Special Envoy for Haiti, former U.S. President Bill Clinton, the European Union and Interaction, a coalition of U.S.-based international NGOs. Interaction Chief Executive Sam Worthington told Reuters that the coalition of 193 U.S. humanitarian groups -- 81 of whom were working in Haiti -- would pledge at least $464 million for reconstruction and $421 million for relief at next week's U.N. conference. BIGGER CHALLENGE THAN TSUNAMI Both Worthington and Clinton said the impending rain and hurricane season could spell further disaster for almost one million homeless quake survivors living in hundreds of camps, saying there has simply not been enough time to prepare. "Clearly we have a massive challenge on our hands," Worthington said. "There will be a significant amount of human suffering we're going to witness over the coming months." Clinton likened the planned reconstruction of Haiti to that which took place after the 2004 Indian Ocean earthquake and tsunami that killed around 226,000 people, mainly in Indonesia, India, Thailand, Sri Lanka and the Maldives. "In some ways the challenges here are much more formidable because it is a national capital and the surrounding area that has been effected and a big percentage of the country's GDP," he told the NGO meeting. But he added that a recovery plan by Haiti aimed to follow in the footsteps of Rwanda, which wants to eventually free itself from the need for international aid. He called on NGOs to help fund the Haiti government to expand its capacity. Clinton said he believed it was unlikely government donors "will give as much as should be done." Representatives of Haiti's government, donor nations, multilateral lenders, U.N. agencies and aid groups met in the Dominican Republic last week and agreed an initial short-term target of giving $3.8 billion over 18 months to rebuild Haiti. Haiti's government has assessed the damage caused by the quake at more than $7.7 billion and estimated $11.5 billion would be needed for reconstruction, while economists have said the cost could be up to $14 billion. "Every time we spend a dollar in Haiti from now on we have to ask ourselves 'Does this have a long-term return? Are we helping them to become more self sufficient?'" Clinton said. "Are we (donors, NGOs) serious about working ourselves out of a job?" (Editing by Peter Cooney and Philip Barbara) World Natural Disasters More from Reuters White House to announce housing aid: sources WASHINGTON (Reuters) - The White House plans to announce on Friday that it will require lenders to lower the mortgage payments of some unemployed workers and encourage lenders to eliminate some principal debt of homeowners who owe more than their home is worth, sources familiar with the plan said on Thursday. Fed agency scanning certain Calpers transacts: report ECB's Trichet says euro solution for Greece workable | Video Congress approves final healthcare changes | Video Japan deflation grinds on, may pressure BOJ to ease GM expects to repay $1 billion loan to Treasury: report » More Top News Did someone say "bubble"? The global shift in growth to Asia and Latin America may be the story of the coming decade but too much demand can backfire. 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Full Article Toyota drivers' loyalty shaken Timeline: Floormat warning began in '07 Lawyers lay groundwork for litigation Toyota responds to Reuters Autos © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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