Haiti's $268 Million Debt Cancelled By The IMF

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.

International Monetary Fund - IMF Office in Haiti
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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All Comments (5)

Pozew says...

What Haiti need is another francois

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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.

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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

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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

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Fed says...

i think that money will help haiti in some kind of

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