Haiti’s Debt Officially Cancelled
I attended the official “signing ceremony” today canceling Haiti’s debt to the InterAmerican Development Bank– Haiti’s largest creditor. With a few pen strokes, around $450 million was wiped off the books, allowing Haiti to focus its money on rebuilding, not repaying old loans.
One of the US Treasury’s top officials gave ONE a nice shout out from stage for all we did to make this day possible.
It was only 9 months ago when the 7.0 earthquake devastated Haiti. Rebuilding continues slowly. But debt cancellation is nearly complete. Nine months is like a nanosecond in debt relief terms. We should all be proud of helping make this happen.
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October 1, 2010 at 11:46 am
I’M feeling the glory with this news
October 1, 2010 at 11:58 am
That’s really good news! I’m so thankful.
October 1, 2010 at 12:14 pm
Has Haiti’s “debt” to France been cancelled.
October 1, 2010 at 1:47 pm
Now if only we could all spread this kind of generosity to other nations!!!
October 1, 2010 at 4:22 pm
Catherine, I think this was Haiti’s “debt” to France. If I understand things correctly, the InterAmerican Bank essentially refinanced that debt so that it became the debt servicer instead of France.
October 1, 2010 at 7:32 pm
best news I’ve heard all day.
October 2, 2010 at 12:39 am
This must be the beginning of Operation Reset, in which the national debts to all nations are canceled eventually spreading to Main Street so the common man’s paycheck can be spent buying things he needs like food and clothing, or an automobile or refrigerator, spurring on the sluggish economy instead of feeding the banks payments for interest on imaginary money.
October 2, 2010 at 7:20 am
great news we are legends we work great we are so far eachother but we are so connecteted every body does his homework great news again
October 2, 2010 at 1:04 pm
Since the earthquake that criple this land, this is one of the best thing that we have seen so far other than the emmergency relief effort. We hope to see more from not only institutions but also governments that are friends of Haiti.
Rahoul
October 5, 2010 at 4:30 pm
Great news. Reason for optimism when too many messages are about lack of hope. Congratulations to everyone who brought this about. Feel great happiness!
October 12, 2010 at 3:10 pm
I pass along to all my friends and family this great battle that was won. On behalf of all Haitians thank you. We are stronger when we move as ONE!
October 26, 2010 at 11:31 am
how many organizations has there been for haiti?
November 7, 2010 at 6:26 pm
THE GREATEST RELIEF FOR THIS COUNTRY WHICH HAS BEEN THROUGHOUT ENOUGH TRAGEDIES AND STILL FIGHTING AS WARRIORS. A COUNTRY FORGOTTEN FROM THE REST OF THE WORLD…
PLEASE WE MUST BE UNIFY AS “ONE” TO MAKE AND SEE THE CHANGES ON BEHALF OF OUR NEIGHBORS.