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.