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.

Advertisement
Comments are automatically closed two weeks after an article's initial publication. See our comments policy for more.

Advertisement

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

(Nick Ansell/PA via AP, archive)
Recent allegations about one of the United Kingdom’s biggest and best-known charities has driven increased demands from some quarters that overseas aid be reduced, if not abolished completely.
David StewartFebruary 23, 2018
Students who walked out of classes from Montgomery County Public Schools in Maryland protest against gun violence in front of the White House on Feb. 21 in Washington. (CNS photo/Kevin Lamarque, Reuters)
The desire for stronger gun control may not translate into more caution with gun storage among owners of firearms.
Kevin ClarkeFebruary 23, 2018
Of the estimated 14.5 million school-age Catholic children in the U.S., about or 55 percent are Latino. Yet 4 percent of school-age Latino Catholic children are enrolled in Catholic schools.
Maria Luisa TorresFebruary 23, 2018
Cardinal Robert Sarah, prefect of the Congregation for Divine Worship and the Sacraments, is pictured at the Vatican in this Oct. 9, 2012, file photo. (CNS photo/Paul Haring)
Cardinal Sarah questions why Catholics stand—rather than kneel—and receive Communion in the hand.
Michael J. O’LoughlinFebruary 23, 2018