World Bank sees debt relief eligibility for Haiti

    The World Bank expects Haiti to gain eligibility for debt relief under the Highly Indebted Poor Countries Initiative before the end of the year. “We hope that the discussion of decision point at both the IMF board and Bank board takes place in early November. At that point they could become eligible for interim debt relief,” World Bank Latin America and Caribbean director Caroline Anstey said. “They receive the bulk of the debt relief at the completion point, which follows some two or two-and-a-half years later. We believe it is very important that the savings from debt relief are spent on key social areas: health, access to clean water, education,” Anstey continued. (Source: Haiti eligible for major debt relief, IMF/WB say/Reuters)

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