The years-long effort by such organizations as the Jubilee USA Network and the U.S. Conference of Catholic Bishops to relieve Haiti of its $1 billion debt got a boost on Feb. 5, when Treasury Secretary Timothy Geithner announced that the United States would work to see that the impoverished Caribbean nation’s indebtedness was forgiven. Dominique Strauss-Kahn, managing director of the International Monetary Fund, said on Jan. 20 that the I.M.F. would discuss with donors ways to “delete all the Haitian debt.” The actions are significant because Haiti must focus all of its financial resources toward recovery and rebuilding large segments of the country that were destroyed during the earthquake on Jan. 12.
Earthquake Prompts Haitian Debt Relief
Show Comments (
)
Comments are automatically closed two weeks after an article's initial publication. See our comments policy for more.
The latest from america
President Biden has canceled his upcoming trip to Italy, including an audience with Pope Francis, to “remain focused on directing the full federal response” in the wake of the devastating wildfires raging in California.
Canada. The true north, strong and…free? Not if President-elect Donald J. Trump has anything to say about it. And he does.
A Homily for the Baptism of the Lord, by Father Terrance Klein
“If democracy is under threat from authoritarian urges, it is time to rediscover and reorganize our mutual obedience.”