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.

    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.