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Haiti's $268 Million Debt Cancelled By The IMF
Friday July 23, 2010 04:44 PM ET
The International Monetary Fund has just canceled Haiti’s $268 million debt, a decision they say which is part of a long-term plan for Haiti's post-earthquake reconstruction.
Not only that, the IMF also announced that they will lend Haiti another $60 million to help it with reconstruction plans.
Keep in mind, this is a loan, not a gift.
Billions are pledged, Millions have been collected, but Haiti, it seems, is still borrowing money.
Mmmmm...
It is a three-year loan to Haiti at zero percent interest until 2011 then 0.5% interest will be paid on the loan.
I am not really good at this loan interest calculation thing but I believe Haiti will be paying roughly $1.8 million per year on that loan.
Mwen swete lajan sa-a fe pitit...
Si se pa sa...nou pral prete anko pou nou peye interest
I'm just playing devil's advocate
Male papa...
Manman-m toujou di-m pa foure boush mwen nan sa-k pa regade-m
But of course, you can tell me your opinion by replying to this article.
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Reader Comments (4)
Garry says:
Haiti needs an other great dictator visions like Henry Christophe. Democracy doesn't work there, it only creates chaos. Haitians in Haiti need disciplines. you work, you eat and if you don't work, too bad. We have built some great architectures in the past with no outside help but with great leaders such as Henry Christophe, Jn Jack Dessaline and Henry Petion to name the least. They were great leaders with a disciplines. At that time, no one could enter Haiti and tell the Government to destroy all its pigs, its cows and set fire in Haiti's rice and sugar cane fields then kill all Haiti's chickens. These leaders would have asked him gently to leave the country and make sure that he is left. They wouldn't mingle with all type of low lives just because he is a white man. They had respect for their people and therefore no one would even try to kidnap their children then disrespect their country. Instead of crying "I am homeless" They would sleep with their people in the street till they build back their nest even more beautiful. So in other words, Haiti doesn't need democracy, Haiti needs a good dictator who respect and love his people. A great home is a house where mom and dad are two dictators with disciplines and respect but full of love. No kid would spit or dump food in the middle of the living room cause he knows the consequences. No one can enter the house and commend it cause he'll get kicked right out malhonetement.
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Guy Comeau says:
Let us see. $268 Million debt canceled
60 Million new loan
Total 208 Million forgiven Not bad, not bad at all
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Vladimir says:
Sa m ka di nan sa nou mele' e kab di tou se neg pati politik sa yo ki lakoz tout bagay sa yo paske kominote entenasyonal la we ke neg yo se pouvwa yo bezwen yo pa we de peyi a ak pep lan kab soufri.eske n pa we se jwet lan ki komanse yon peyi deja kraze pou yo nan prete nou kob nan konbyen tan nou pral remet tout lajan sa yo ak tout entere sa yo. pou m fini m kapab di an granjan se: YOURI LATORTU AN PREMYE AK TOUT PAREY LI YO KI VLE METE NOU TOUT NAN KOURI SAN NOU PA KONN KOTE NOU PRALE.YOURI= kouri.
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