CARTAGENA, Columbia (sentinel.ht) – Ecuadorian President, Rafael Correa, proposed for the 23 member countries of the Ibero-American Summit contribute 0.00001% of their GDP toward establishing a common fund for Haiti especially in the wake of Hurricane Matthew.
Correa outlined the idea Saturday at the XXV Ibero-American Summit of Heads of State and Government in Cartagena des Indias, Columbia. He said he would like the fund to address the damage caused by Hurricane Matthew, which left nearly 600 dead and nearly $890 million in losses.
The Ecuadorian president explained that this fund may be managed by the General Secretariat (SEGIB) and that each country’s contribution hundred thousandth part of its Gross Domestic Product (GDP) .
“The best way to help is in cash and the recipient country to decide where and how it is invested,” said Correa, who thanked the international solidarity received when last April an earthquake devastated the northern coast of Ecuador leaving 663 dead and about 29,000 victims.