$1.8bn Promises: Disaster Relief Pledges Total Up By $300m

Mon, Mar 9th 2020, 07:00 AM

THE Disaster Reconstruction Authority now says that grants and in-kind services raised during the Hurricane Dorian Pledging Conference amounted to $1.8bn, but only $364,000 was in actual cash and deposits. Following the January conference, officials said donors had pledged $1.5bn in funding and other services. Yesterday, DRA Managing Director Kay Forbes-Smith said after further assessment of the full scope of pledges, the revised amount from the conference was “very close” to $1.8bn. However, she declined to make public individual donor identities. During the event, the most speculated and talked about pledge was from the P3 Group and its president, Dee Brown, who announced that $975m in loans at concessionary rates would be made available to The Bahamas.

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