G-7 to IMF, World Bank: Grant Haiti Debt Relief

The world’s wealthiest nations are calling on multilateral agencies to waive Haiti’s debt obligations as the nation continued to grapple with the effects of the deadly Jan. 12 quake, the Associated Press reports. At the close of a G-7 meeting in the Canadian territory of Nunavut Feb. 6, Canadian Finance Minister Jim Flaherty said member nations would work together with the International Monetary Fund and World Bank to grant debt relief to Haiti, which received a total of US202 million in loans and grants from the two institutions last month.

About the author

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    Tarra Quismundo

    Tarra Quismundo joined Devex Manila as a staff writer in October 2009 after more than six years of working as a reporter for the Philippine Daily Inquirer, a nationwide daily, for which she covered major breaking news in politics, military, police and international affairs. Tarra's Devex News coverage focuses on key Asian donors and top aid officials around the globe.