Haiti’s Debt Burden: The Real Story

A recently released Eurodad analysis has revealed that, despite IMF and bilateral creditor declarations of debt relief for Haiti, the country still had to repay $1.2 billion to external creditors at the end of 2009.  While the debt situation in Haiti before the recent catastrophe was bleak at best, UNCTAD purports that the GDP decline and increased reliance on aid as a result of the earthquake has a high possibility of trapping Haiti in a new debt crisis. UNCTAD and other international actors are thus calling for immediate debt cancellation for Haiti in order for the country to have any chance at recovery.

Read Eurodad’s report on Haiti’s debt distress.

0 Responses to “Haiti’s Debt Burden: The Real Story”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s





%d bloggers like this: