Tuesday, March 23, 2010

NYT: Americas Development Bank Forgives Much of Haiti’s Debt

MEXICO CITY — Haiti received a boost to its balance sheet on Monday when the Inter-American Development Bank, meeting in the Mexican resort city of Cancún, agreed to forgive $479 million of the country’s $1.2 billion in foreign debt.

To draw attention to Haiti’s long-term needs, meanwhile, former Presidents Bill Clinton and George W. Bush met Monday with President René Préval on the grounds of the toppled National Palace in Port-au-Prince and toured the central plaza, which has been transformed into a sprawling squatter camp. More..

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