G7 bow to pressure and commit to full debt relief for Haiti

9.2.10 After hard worldwide campaigning the G7 group have committed to the full cancellation of Haiti's multilateral international debt. The news is especially welcome after the mixed messages coming from the International Monetary Fund in the past two weeks. 

Debt campaigners spoke out against the IMF providing assistance to earthquake-stricken Haiti in the form of loans rather than grants, and the fact that instead of cancelling Haiti's existing debt they planned to extended it by $102 million. 

The outcome is a great victory for this campaign, but the pressure needs to be sustained if the G7's commitment is to be translated into quick and efficacious debt-relief.

Please follow this link to sign the ONE campaign's petition to put pressure on the IMF. If you have five minutes available, please also write a letter to UK Chancellor Alastair Darling asking him to persuade the IMF to change its position, by following this link to Jubilee Debt Campaign's e-action page. If you are on facebook, please join the group No Shock Doctrine for Haiti to push for pro-poor reconstruction.

To learn more about Haiti's background before the earthquake, follow this link to the Dag Hammarskjöld Library entry on Haiti. Please also read the Eurodad document attached below for further information.



 

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The question of Haitian debt and debt cancelation.doc717.5 KB