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Edition: U.S. Article Comments (0) Save Email Print Reprints Most Popular Most Shared Government set to unveil offshore drilling plan 29 Mar 2010 REFILE-UPDATE 4-Mini-Big Bangs created in cosmos origins project 30 Mar 2010 Obama wants U.N. sanctions on Iran in weeks | Video 30 Mar 2010 Sex infection gonorrhea risks becoming "superbug" 29 Mar 2010 States high on pot tax as budget cure 30 Mar 2010 Government set to unveil offshore drilling plan 29 Mar 2010 REFILE-UPDATE 4-Mini-Big Bangs created in cosmos origins project 30 Mar 2010 Super-sizing the "Last Supper" 23 Mar 2010 Employers brace for health reform changes 22 Mar 2010 AT&T sees $1 billion healthcare related charge 26 Mar 2010 Haiti hopes for $4 billion to rebuild after quake Michelle Nichols UNITED NATIONS Wed Mar 31, 2010 1:06am EDT Related News Haiti hopes for $4 billion to rebuild after quake 1:00am EDT Quake-hit Haitians want jobs, schools, homes: survey Mon, Mar 29 2010 Quake-hit Haitians want jobs, schools, homes-survey Mon, Mar 29 2010 Haiti humanitarian need competes with recovery plan Mon, Mar 29 2010 Quake-hit Haiti expects "massive" donors' response Mon, Mar 29 2010 UNITED NATIONS (Reuters) - Haiti will ask the world on Wednesday for $4 billion to help it rebuild and modernize in the wake of the earthquake that destroyed the Caribbean nation's capital and killed up to 300,000 people. World | Natural Disasters Some 120 countries, international organizations and aid groups will meet at the United Nations in New York to pledge support for a Haitian government recovery plan that includes decentralizing the economy to create jobs and wealth outside Port-au-Prince, the capital of some 4 million people. Haitian Finance and Economy Minister Ronald Baudin told Reuters earlier this week that the country was hoping to obtain commitments of just over $4 billion over three years, $1.3 billion of which would be delivered in the first 18 months. Haiti was already the poorest country in the Western hemisphere before the magnitude 7.0 quake struck on January 12, with high unemployment and illiteracy among its 9 million people, almost 80 percent of whom lived on less than $2 a day. Estimates of the total damage inflicted by the earthquake range between $8 billion and $14 billion. "The country has the best chance in my lifetime ... to build a modern self-sustaining state," former U.S. president Bill Clinton, a U.N. special envoy for Haiti, said in a speech last week. The European Union and a coalition of U.S.-based humanitarian groups have indicated they are likely to pledge more than $2.7 billion for Haiti at the U.N. conference, while U.S. President Barack Obama has asked Congress for $2.8 billion in funds for Haiti relief and reconstruction costs. Cheryl Mills, counselor and chief of staff to U.S. Secretary of State Hillary Clinton, said on Tuesday that the United States was planning to help Haiti rebuild in the areas of agriculture, energy, health, security and justice. The United Nations is also urging countries to support rebuilding Haiti's government capacity after all but one of the country's ministries were destroyed and almost a third of civil servants killed. Donors and aid partners are insisting that Haiti directs the reconstruction, but monitoring mechanisms are being included in plans to finance the rebuilding effort. The World Bank is due to act as "fiscal agent" of a Multi-Donors Trust Fund to be created for Haiti. But aid workers are urging donors not to ignore the immediate needs of more than 1 million homeless quake survivors still camped out in streets and open spaces, vulnerable to the approaching rains and hurricane season. A campaign by the United Nations to raise $1.4 billion in humanitarian aid is still 52 percent short of its goal. "The appeal has stagnated," Elisabeth Byrs, spokeswoman for the U.N. Office for the Coordination of Humanitarian Affairs, told reporters in Geneva on Tuesday. "It is essential that the burst of generosity that we saw at the beginning of the crisis continues." (Additional reporting by Joseph Guyler Delva and Pascal Fletcher in Port-au-Prince and Stephanie Ulmer-Nebehay in Geneva, editing by Paul Simao) World Natural Disasters Add a Comment More from Reuters Peabody makes $3 billion bid for Australia's Macarthur MELBOURNE (Reuters) - Australia's Macarthur Coal rejected a A$3.3 billion ($3 billion) takeover offer from U.S. coal miner Peabody Energy , saying it does not fully value the company and its growth prospects. Haiti hopes for $4 billion to rebuild after quake Afghanistan world's top cannabis source: U.N. Asia shares dip, Nikkei hits 18-month high | Video Woods ready for media spotlight at Masters, says Player Bharti in $9 billion deal for Zain Africa operations » More Top News Emerging currencies show cracks Investors made a fortune on emerging market currencies last year, but looming volatility could put a damper on gains. 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Full Article | Video Factbox: Companies ride genome wave Factbox: Diagnostic tests get personal Healthcare © 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. 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