Taiwan Plans Payment of Haiti Debt Interest

    Taiwan is considering a new means of assisting Haiti’s post-quake recovery. The country plans to help Haiti pay the interests of its debts to Taiwanese creditors, Taiwan Today reports. A plan drafted by the Ministry of Foreign Affairs proposes to pay the interest of Haiti’s debts over three or five years and allow the earthquake-hit country to postpone payment of the capital. Taiwan cannot fully forgive Haiti’s debt because some of its creditors are commercial banks, Foreign Affairs Minister Timothy Chin-tien Yang explained.

    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.