To Help Rebuild Haiti, Cancel Haiti’s Debt
The best way the global community can help Haiti pay for its extensive reconstruction needs will be to cancel Haiti’s remaining international debt.
With such extensive destruction to Haiti’s infrastructure and economy, it would be near impossible for Haiti to pay for rebuilding costs on its own, much less generate the extra income necessary for debt repayments. Even worse, the IMF just offered a $100 million loan for emergency expenses. This would nearly double the debt burden on Haiti. Haiti needs debt forgiveness and aid in the form of grants, not more loans! Visit Jubilee USA http://www.jubileeusa.org/jubilee-act/haiti-debt-cancellation-resolution/resources-on-haitis-debt.html for more information and resources on Haiti’s debt
The U.S. has the most influential votes on the Boards of both the IMF and the IDB. The U.S. Treasury Department should move now to cancel not increase Haiti’s debts. The Haitian people need all their country’s resources to rebuild, not to pay off foreign debtors. Take action now https://secure3.convio.net/ucc/site/Advocacy?cmd=display&page=UserAction&id=536 to urge Treasury Secretary Timothy Geithner to support debt cancellation as an important step on the road to Haiti’s recovery.