The January 12, 2010 earthquake, which was both powerful and devastating, caused not only significant loss of life but also material damage estimated by the Inter-American Development Bank (IDB) to range between 7.8 and 8.5 billion US dollars, according to the central bank’s report. The earthquake resulted in a negative growth of 5.5% in real GDP. Following this catastrophe, humanitarian aid was mobilized, but another shock followed, referred to in the document as the "Aid Flow Shock."
Donations to Haiti rose from 3
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