Haiti Banks Get Cash Infusion

The International Monetary Fund has approved the release of USD114 million worth of emergency finance to Haiti by Friday. The funds will support financing for imports and make cash available to local banks. These will be available through Haiti’s extended credit facility with IMF.

IMF Managing Director Dominique Strauss-Kahn said the institution is also ready to assist in preparing and implementing medium-term reconstruction and economic recovery plans for the quake-hit country.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.