The international donor conference on Haiti closed on July 20 with pledges of $1.037 billion from the international community, including $239 million from the United States. As the weeks and months pass, we will watch closely what becomes of these pledges.
The World Bank sounds absolutely giddy in its post-conference press release. One billion dollars sounds great, but it is worth noting that none of these pledges are on paper: They all come from press statements like the one made by Colin Powell. At Grassroots International, our auditor insists that a pledge must be very specific and in writing before it is considered real. The same standard should apply to these donor conferences.