CDB pledges $1 million to Haiti

The Barbados-based Caribbean Development Bank (CDB) is providing nearly US$1 million in immediate relief to Haiti following the widespread devastation caused by the powerful earthquake that hit the country on Tuesday.
In a story by the Caribbean Media Corporation (CMC), the CDB, the region’s premier development financial institution, said that it would provide US$200,000 for portable water, food, medicines and temporary shelter while US$500,000 would go towards the restoration of critical facilities and services.
‘In collaboration with our international development partners, the Caribbean Development Bank will also address the medium and long-term rehabilitation needs of Haiti,’ the CDB said, expressing sadness at the destruction caused by the quake that registered 7.0 on the Richter Scale.
‘The effects of the earthquake on the people and economy are catastrophic, particularly at this time when significant progress was being made in overcoming longstanding development challenges facing the country. Haiti will need considerable international development assistance,’ The CDB also said.