IDB Earmarks USD100 Million Aid for Haiti in 2009

The Inter-American Development Bank plans to double its grants for Haiti in 2009. The IDB will spend USD100 million to support investments in social and economic programs next year. In addition, it will provide USD14.15 million in interim debt relief during the first half of next year. “Haiti is the most fragile of our member countries. No other nation in Latin America and the Caribbean is as vulnerable to economic shocks and natural disasters,” IDB President Luis Alberto Moreno said. “As such, it requires extraordinary assistance from the international community.” (“IDB doubles grants to Haiti to USD100 million for 2009” - Inter-American Development Bank, Dec. 14, 2008)

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