Earthquake Prompts Haitian Debt Relief

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.

Don't miss the best from America

Sign up for our Newsletter to get the Jesuit perspective on news, faith and culture.

The latest from america

El don de Dios es la sabiduría. Salomón la recibe como un acto misericordioso de Dios.
Juan Luis CalderónJuly 26, 2017
Then ask: Is it a pearl of great price?
Terrance KleinJuly 26, 2017
Courtesy of Sundance Institute.
The people behind “An Inconvenient Truth” can be forgiven for indulging in a bit of “I told you so” in their follow-up film, “An Inconvenient Sequel: Truth to Power.”
John AndersonJuly 26, 2017
Catholic Relief Services delivers seed and farming tools in Central African Republic in 2014. Photo: Kevin Clarke.
The impact of the Trump foreign aid reductions, if enacted, “would be swift, devastating, and felt for years to come, imperiling millions of lives and the course of global development, stability, and partnership.”
Kevin ClarkeJuly 26, 2017