Haiti's $268 Million Debt Cancelled By The IMF

International Monetary Fund - IMF Office in Haiti

Not only that, the International Monetary Fund (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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