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 IMF cancels Haiti's debt 7/22/2010 - 5:32:28 PM The International Monetary Fund (IMF) said it has cancelled Haiti's $268m (€207m) debt and will lend the earthquake-devastated country another $60m (€46m) to help it with reconstruction plans. The IMF said the decision is part of a plan for long-term reconstruction after the January 12 quake, which killed as many as 300,000 people. The new three-year loan carries a zero interest rate until 2011 which then rises to no more than half a percent. |
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