Lenders Near Consensus on Canceling Haiti’s IDB Debt

Lender nations are close to reaching an agreement on the cancellation of some USD447 million in Haiti’s debt with the Inter-American Development Bank, ABC News reports.

Treasury officials of the U.S., among the bank’s largest contributors, said March 18 that IDB members were set to meet over the weekend in Cancun, Mexico, to decide on debt relief for the quake-struck country, one of the Latin American and Caribbean nations receiving development loans from the international lender.

About the author

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    Tarra Quismundo

    Tarra Quismundo joined Devex Manila as a staff writer in October 2009 after more than six years of working as a reporter for the Philippine Daily Inquirer, a nationwide daily, for which she covered major breaking news in politics, military, police and international affairs. Tarra's Devex News coverage focuses on key Asian donors and top aid officials around the globe.