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Latin America and the Caribbean
Brazil: Job Market Swings Back Toward IndustryRebecca Ray / April 27, 2012
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GDP Growth Weak as Government Spending Continues to FallDavid Rosnick / April 27, 2012
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George Will Makes It Up to Go After Public Sector WorkersDean Baker / April 26, 2012
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Bad Economic News: Worrying About the WeatherDean Baker / April 26, 2012
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Ruchir Sharma's Entry in the "Most Things Wrong in a Short Column" ContestDean Baker / April 26, 2012
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Federal Reserve Board Credibility, Plus 50 Cents, Will Get You a Cup of CoffeeDean Baker / April 26, 2012
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Austerity, the Path to Prosperity?Alan Barber / April 25, 2012
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Donor Disbursements Slowing According to Latest Data from Special EnvoyThe Office of the Special Envoy for Haiti released updated data this week on public sector donor disbursements since the earthquake in Haiti. The Special Envoy has been instrumental in holding donors accountable for pledges they made at the March 2010 New York donor’s conference. For the period 2010-2012, 55 public sector donors pledged $5.48 billion dollars with $2.48 billion, or 45.3 percent being disbursed so far. This represents an increase of $96 million since the last update in December 2011, the smallest such increase since the Special Envoy has been tracking donor disbursements.
Overall, the $2.48 billion has been disbursed through four main channels:
- $1.65 billion (66.6 percent) in grants to multilateral agencies, NGOs and private contractors
- $337.2 million (13.6 percent) in budget support to the Government of Haiti
- $295.6 million (11.9 percent) to the World Bank, IDB and UN through the Haiti Reconstruction Fund (HRF)
- $196.9 million (7.9 percent) in loans to the Government of Haiti
The vast majority of these funds were disbursed in 2010. According to the Special Envoy (PDF), $1.61 billion was disbursed in 2010, $843.1 million in 2011 and just $27.8 million thus far in 2012. An important qualifier is that disbursed does not mean spent. For example, of the $295.6 million that has gone to the HRF, only $55.7 million has been spent on the ground.
As can be seen in Figure 1, many of the top donors have failed to live up to their pledges (PDF).
Figure 1.
Jake Johnston / April 25, 2012
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Latin America and the Caribbean
Los que critican a Argentina se equivocan de nuevoMark Weisbrot / April 25, 2012
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The Social Security Trust Fund and the "Money Has Been Spent" LineDean Baker / April 25, 2012
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CNN Forget to Look at Its Chart When Warning of the "Burgeoning Cost" of Social SecurityDean Baker / April 24, 2012
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Case-Shiller Index Shows Modest Increase in FebruaryDean Baker / April 24, 2012
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Weekly Change in Mortgage Applications Index, Feb 2010 – Apr 2012CEPR / April 24, 2012
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The Primary Cause of Social Security's Bleak Outlook Is Upward RedistributionDean Baker / April 24, 2012
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Remember When Mexico Presented a Contrast to Argentina?Dean Baker / April 24, 2012