World Bank Awards Full Debt Relief to Haiti

A boy silently prays in front of Port-au-Prince's Presidential Palace a month after the earthquake. The World Bank announced the cancellation of Haiti's remaining debt. Photo by: Sophia Paris / UN

The World Bank announced it has cancelled the remaining USD36 million debt of Haiti.

“Relieving Haiti’s remaining debt is part of our effort to pursue every avenue to help Haiti’s reconstruction efforts,” World Bank President Robert Zoellick said in a statement. “We will continue to work in close cooperation with the Haitian government and our international partners to support the country’s recovery and longer-term development.”

Contributions from Belgium, Canada, Finland, France, Germany, Ireland, Italy, Japan, the Netherlands, Norway, Spain, Sweden, and Switzerland made Haiti’s debt relief possible, according to the bank.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.