World Bank Cancels Haiti’s Debt To Aid Reconstruction

June 3, 2010  |  

(News One) –The World Bank said Friday it had cancelled Haiti’s remaining debt to help the impoverished country recover from a devastating earthquake four months ago. Haiti, the poorest country in the Western Hemisphere, will not have to repay 36 million dollars owed to the International Development Association (IDA), the bank’s fund for the poorest countries, the Washington-based institution said in a statement. “Haiti now has no further amounts payable to the World Bank,” it said.

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