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26 July – IMF Cancels Haiti Debt

Monday, 26 July 2010 11:01

haiti-flag1A total of US$268 million owed by Haiti will be cancelled under the new Post-Catastrophe Debt Relief Trust Fund (more details here ) set up by the IMF to assist very poor, highly indebted countries hit by natural disasters. Haiti will also receive a US$ 60 million loan under the Extended Credit Facility over 3 years with zero interest rate until end-2011, and will benefit from a technical assistance package aimed at encouraging private credit and investment. For the IMF press release, click here.

 

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