World Bank, IMF forgive $1.2 billion of Haiti’s debts to ease burden on impoverished nationPORT-AU-PRINCE, Haiti — Three international organizations canceled $1.2 billion of Haiti’s debt Tuesday, freeing up millions of dollars each year for the deeply impoverished Caribbean nation that is beset by humanitarian crises. Two-thirds of Haiti’s total debt, or $1.2B, forgiven by financial assistance organizationsMIAMI — Roughly two-thirds of Haiti’s total debt was cancelled Tuesday when three organizations that provide financial assistance to poor countries announced they’re forgiving $1.2 billion of what the Caribbean country owes. |
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