The international community mobilized over $1.3 billion in pledges and more than $1 billion in loans and debt relief to help Caribbean nations recover from the strong hurricanes that pummelled the region a few months ago, during a meeting at United Nations Headquarters on Tuesday.
“I think we’re extremely happy with the results of the conference,” said Stephen O’Malley, the UN Resident Coordinator and Resident Representative of the UN Development Programme (UNDP) for Barbados and the Organization of Eastern Caribbean States.
The powerful category-5 hurricanes Irma and Maria hit the Caribbean in September causing a number of deaths and widespread devastation in the Caribbean. According to the latest needs estimates, recovery costs are expected to surpass $5 billion.Barbuda, the smaller of the two-island State of Antigua and Barbuda, and Dominica were among the most severely affected, along with Anguilla, British Virgin Islands, The Bahamas, Turks and Caicos Islands. Haiti and St. Kitts and Nevis also suffered damage, while St. Maarten/St. Martin as well as Cuba, the Dominican Republic and Puerto Rico were also impacted.