The U.N. General Assembly will discuss an $7,500-per-person debt relief program for nations in the aftermath of a massive earthquake and tsunami, the International Monetary Fund said Friday.
The $7 billion package would be distributed to the poorest nations and people in need.
The U.K. government, which had been trying to collect from the affected regions for decades, announced earlier this month it would help $1.6 billion of debt relief.
The World Bank said in a statement that the U.R.S., the U and U.A.S.-UAE, which together account for a third of the world’s GDP, would each get $1 billion in aid, with an additional $200 million for countries that are vulnerable to the natural disasters.
The governments of Canada, the United States and Canada would receive $1 million each, with the U S. getting $500,000.
Canada and the UA.
E. will receive $50,000 each, and the $1,000,000 U. S. was due.
Canada is also expected to pay $2 million to the US. to help with flood recovery, the fund said.
The U S will get $200,000 for rebuilding after a severe flooding event.
The fund is hoping that the relief package will help nations rebuild their infrastructure and reduce the risk of future disasters.