IMF Head Suggests Creation of Multilateral Aid Plan for Haiti

International Monetary Fund Managing Director Dominique Strauss-Kahn has urged the international community to prepare a multilateral aid plan for Haiti that is similar to the U.S. Marshall Plan for European recovery after World War II,

 reports. Haiti needs a comprehensive and not a piecemeal approach to recovery, he noted.

IMF has earlier pledged a USD100 million interest-free loan to the country. Strauss-Kahn said the institution is also working to have all of Haiti debts with other countries canceled.