Debt Cancellation for Haiti
Overview
Haiti’s government had been diverting $1 million a week from its treasury to the World Bank and other public international financial institutions, to repay loans that were mostly given to past dictators. IJDH joined with other organizations fighting for cancellation of this unjust debt by writing Op-Eds, press releases and action alerts, preparing campaign materials and providing Congressional briefings, leadership and legal analysis. On June 30, the Banks announced the cancellation of over $1.2 billion in debt, freeing up that $1 million/week for healthcare, schools, and other national priorities. Moving forward, IJDH and BAI will work with grassroots groups to ensure that the newly available funds will benefit Haiti’s poor majority.
Read more about the advocacy campaign for debt cancellation here: action alerts, fact sheets, activist toolkits, etc.
Current Actions
- Debt Relief for Haiti & Other Impoverished Countries — March 9, 2010
- Haiti Debt Relief: Testimony of Melinda St. Louis — March 4, 2010
- Rep. Maxine Waters Sign-On Letter in Support of Debt Cancellation — January 27, 2010
- Measure Up: Rule Out Debt to Fight Global Poverty — June 5, 2008
- Haiti’s Supporters in Congress Need Your Help! — February 12, 2008
Recent News
- Treasury Under Secretary Brainard Joins Inter-American Development Bank to Mobilize Grants for Haiti — September 30, 2010
- IMF cancels $268 million Haiti debt — July 22, 2010
- IMF forgives Haiti’s $268 million debt to the fund — July 21, 2010
- IMF Executive Board Cancels Haiti’s Debt and Approves New Three-Year Program to Support Reconstruction and Economic Growth — July 21, 2010
- Haiti debt payment suspended — May 29, 2010
- World Bank cancels remaining Haiti debt — May 28, 2010
- President Obama Signs Debt Relief Bill for Haiti — April 30, 2010
- President Obama Signs Haiti Debt Relief Bill Authored by Congresswoman Waters into Law — April 28, 2010
- UN Agency Forgives Debt Owed by Disaster-Hit Haiti — April 23, 2010
- US lawmakers agree to cancel Haiti’s debt — April 15, 2010
- Taiwan approves debt reduction proposal for Haiti — April 14, 2010
- Congress approves debt relief measure for Haiti — April 14, 2010
- Americas Development Bank Forgives Much of Haiti’s Debt — March 22, 2010
- Development bank forgives $479 million Haiti debt — March 22, 2010
- US wants IDB to cancel Haiti’s $447-m debt — March 20, 2010
- Obama Administration Says Near Deal on Haiti Debt — March 19, 2010
- U.S. Senate Approves Measure Encouraging Relief of Haiti Debt — March 5, 2010
- Subcommittee Approves Measure to Cancel Haiti’s Debt — March 4, 2010
- Bill To Cancel Haiti’s Debt Clears House Hurdle — March 4, 2010
- Breaking News: U.S. Gov. Calls for Full Haiti Debt Relief! — February 5, 2010
- Secretary Geithner Voices Support for International Debt Relief for Haiti, Financing of Recovery Through Grants — February 5, 2010
- Congresswoman Maxine Waters Introduces Legislation to Cancel Haiti’s Debt — February 4, 2010
- 94 Congresspersons Urge Total Haiti Debt Cancellation — February 3, 2010
- The West owes Haiti a bailout. And it would be a hand-back, not a handout — January 31, 2010
- New Evangelical Group Calls for Haiti Debt Cancellation — January 24, 2010
- Haiti and Debt Cancellation Legislation — January 14, 2010
