Forgiving Haiti’s Debt
Call it pity or call it sensible politics, the G-7 nations have together pledged to cancel $1.2 billion in debt that Haiti owes them, something Global South activists have been requesting for all developing countries — not just those hit by horrible earthquakes. –JCL
WAIT, BEFORE YOU GO…
The world’s leading industrialised nations have pledged to write off the debts that Haiti owes them, following a devastating earthquake last month.
Canada’s finance minister announced at a summit in Iqaluit, northern Canada, that Group of Seven countries planned to cancel Haiti’s bilateral debts.
Jim Flaherty said he would encourage international lenders to do the same.
Some $1.2bn (£800m) of Haiti’s debts to countries and international lending bodies has already been cancelled.
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