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.


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