International Monetary Fund cancels Haiti’s debt, extends loan to aid reconstruction efforts

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The International Monetary Fund (IMF) has agreed to cancel Haiti’s $268m (£176m) debt and lend the impoverished Caribbean nation a further $60m.

The IMF said both decisions formed part of a strategy to support Haiti’s reconstruction plans in the wake of the devastating earthquake six months ago.

The disaster left some 230,000 people dead and more than a million homeless.

The international community pledged $9.9bn (£6.5bn) for the reconstruction effort at a conference in March.

“Donors must start delivering on their promises to Haiti quickly so reconstruction can be accelerated, living standards quickly improved, and social tensions soothed,” IMF Managing Director Dominique Strauss-Kahn said on Wednesday.

Full story: IMF cancels Haiti’s $268M debt and agrees $60M loan – BBC