A DAY IN HAITI » HIPC http://www.adayinhaiti.com with Douglas Doebler Wed, 26 Oct 2011 17:58:25 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 IMF and World Bank Approve US$1.2 Billion Debt Relief for Haiti http://www.adayinhaiti.com/2009/07/02/imf-and-world-bank-approve-us12-billion-debt-relief-for-haiti/ http://www.adayinhaiti.com/2009/07/02/imf-and-world-bank-approve-us12-billion-debt-relief-for-haiti/#comments Thu, 02 Jul 2009 15:04:07 +0000 admin http://adayinhaiti.com/?p=110 Press Release No. 09/243

July 1, 2009

Haiti was granted US$1.2 billion of debt relief by reaching the completion point under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative approved by the Boards of the International Development Association (IDA) and the International Monetary Fund (IMF). Haiti is now the 26th country to reach the completion point under the Initiative. Debt service savings result from the HIPC Initiative (US$265 million) and the Multilateral Debt Relief Initiative (MDRI) (US$972.7 million).

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