Caribbean NGOs Want Haiti Debt Cancelled

Leading Caribbean NGOs have joined their Haitian counterparts in calling for an unconditional write-off of Haitian foreign debt, which currently stands at approximately US$1.7 billion. 

The Caribbean Policy Development Centre has issued an open letter to finance ministers of wealthy nations, the directors of the World Bank, International Monetary Fund and the Inter-American Development Bank.

Haiti, long recognised as the most poverty-stricken nation of the Caribbean and South American region, is required to spend approximately US$60-80 million annually just to service debt payments. 

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