DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Billions of Dollars in Aid.....Collecting Dust or Interest??

**nerrttrw** · 12-01-2010, 01:13 AM

I did not even consider the possibility that donor nations would deduct an amount for debt forgiveness from funds that they have pledged for Haitian relief and reconstruction and I think it is an outrage.

But it seems to me that what donor nations did was to pledge donations for the effort and I don't think there was any legal/political obligation on thier part to actually make/dispurse the donation(s). These are funds each government has in treasury, allocated in thier budgets, and must be appropriated and dispursed. They do not accrue interest.

12-01-2010, 01:13 AM	#6
nerrttrw Join Date Oct 2005 Posts 588 Senior Member	I did not even consider the possibility that donor nations would deduct an amount for debt forgiveness from funds that they have pledged for Haitian relief and reconstruction and I think it is an outrage. But it seems to me that what donor nations did was to pledge donations for the effort and I don't think there was any legal/political obligation on thier part to actually make/dispurse the donation(s). These are funds each government has in treasury, allocated in thier budgets, and must be appropriated and dispursed. They do not accrue interest.
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