WASHINGTON.- The World Bank fully supports debt relief for Haiti. In June 2009, the World Bank, along with the IMF and other donors, granted Haiti $1.2 billion in debt relief through the Heavily Indebted Poor Countries initiative and the Multilateral Debt Relief Initiative.
Since 2005, the World Banks financial support for Haiti ($363 million) has been carried out through grants. This does not include the $100 million in grants announced on January 13, 2010, in response to the earthquake.
Currently, Haiti's debt to the World Bank, which is interest-free, is about US$38 million, about 4% of Haiti’s total external debt. Due to the crisis caused by the earthquake, we are waiving any payments on this debt for the next five years and at the same time we are working to find a way forward to cancel the remaining debt.
About the World Bank Program in Haiti
The World Bank is a close partner of Haiti. There are 15 active World Bank projects in Haiti focusing on areas including disaster risk management, infrastructure, community-driven development, education, and economic governance. All current World Bank assistance to Haiti is in grant form.
Since January 2005, the International Development Association has provided a total of $308 million for Haiti. In addition, trust funds administered by the World Bank have given more than $55 million since 2003. These amounts do not include the $100 million in grants announced on January 13, 2010.
From: Dominican Republic, No Spin Zone
so sue me and if you win try to collect
Written by: xwill7, 22 Jan 2010 11:31 AM
From: United States, El cuarto bate
what can they repo?
From: Botswana, La reconnaissance est une lachete'
Mr X
do you know the difference between a grant and a loan? Is it fair for me to assume by your comment you lack reading comprehension
From: United States
good for haiti.
Written by: xwill7, 22 Jan 2010 12:00 PM
From: United States, El cuarto bate
Mr P,
Not all loans are grants. I was relating this to all open loans in Haiti
Written by: josean, 22 Jan 2010 12:54 PM
From: United States
"Written by: Blutarsky, 22 Jan 2010 11:00 AM
From: United States, Faber College Double Secret Probation
so sue me and if you win try to collect "
Indicative of how you have made your living ALL these years!
Written by: skysail, 22 Jan 2010 1:19 PM
From: Libya
? Hmmmm ?
From: Dominican Republic, vieja Santo Domingo
This a wonderful gesture by the world bank and maybe just the start that Haitians need to rebuild their shattered lives ,, I had no idea that the world bank had 15 projects already there ,but maybe this will dispel the view that the World Bank and the IMF are always trying to rob the poor and to give to the rich ..The wealthier countries have acted with much compassion in the economic crisis and now in the earthquake crisis and deserve appreciation ..I am sure the Haitians will give it .
Written by: josean, 22 Jan 2010 1:22 PM
From: United States
Well we definitely know Banistan is, he has been waiting 50 years for Fidel's demise so he can have bowel movement!
Written by: riosm, 22 Jan 2010 1:43 PM
From: United States
WOW ! perfect timing !
DOES THE TIMING HAVE ANYTHING TO DO WITH THE $$$$ PLEDGES OF THE REBUILDING OF HAITI ?
Nothing like a BANK kick in the A$$ when your down......
From: Dominican Republic
Please , what did Preval ( AND SLICK WILLY ) DO WITH ALL THAT MONEY THE WORLD BANK LENT THEM?
As if Haiti would have ever BEEN in a position to back her debts before the quake any more than LEO will ever PAYBACK THE MONEY HE has squandered of the generous donations his foriegn sugar daddys have been slipping in to his night deposit box .
Written by: juanb, 22 Jan 2010 2:41 PM
From: Dominican Republic
LF is mourning the fact that the WB didn't forgive our debt as well, as he requested.
Written by: riosm, 22 Jan 2010 2:51 PM
From: United States
I know........
It's in a WB secret account under a fictitious name........to be withdrawn a little at a time when the re-building of Haiti begins.
From: Dominican Republic, vieja Santo Domingo
A little research would inform some writers of the list of active projects that the world bank has in Haiti ..and also the terms of the grants ..then the comments may be more informed and if there is any sound suspicion that the President of Haiti has misappropriated the funds from the World Bank then there is an email address on the world bank web site to report it ,That would be the better way of handling it rather than smearing a person´s name here. The same approach would be a good idea for President Leonel..
From: Dominican Republic
And now Josean , may we sing to Martha and her band of brothers with a collective voice '' IF YOU DONT STAND FOR SOMETHING , YOU WILL FALL FOR ANYTHING'' ..
From: United States
Hola jose n ann ,
still hablando mierda.
Ahora tu tienes un tokay ,mas loco que tu.
adivina quien !
From: Dominican Republic, vieja Santo Domingo
when you can be more mature then someone may respond to your childish comments ..but not before.
Written by: josean, 22 Jan 2010 7:11 PM
From: United States
Ricky, E didn't mean anything by it.
Besides he lives in Brooklyn, can you blame him!
Written by: riosm, 22 Jan 2010 8:03 PM
From: United States
Some rich bankers know just how to hide the money trail.
From: United States, NJ (M_ S Cibaeno 100%)
D.R. can use something like that and put the money toward a private METRO for Sonia.
.....call me!
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Mr X
do you know the difference between a grant and a loan? Is it fair for me to assume by your comment you lack reading comprehension
Not all loans are grants. I was relating this to all open loans in Haiti
From: United States, Faber College Double Secret Probation
so sue me and if you win try to collect "
Indicative of how you have made your living ALL these years!
Well we definitely know Banistan is, he has been waiting 50 years for Fidel's demise so he can have bowel movement!
DOES THE TIMING HAVE ANYTHING TO DO WITH THE $$$$ PLEDGES OF THE REBUILDING OF HAITI ?
Nothing like a BANK kick in the A$$ when your down......
As if Haiti would have ever BEEN in a position to back her debts before the quake any more than LEO will ever PAYBACK THE MONEY HE has squandered of the generous donations his foriegn sugar daddys have been slipping in to his night deposit box .
It's in a WB secret account under a fictitious name........to be withdrawn a little at a time when the re-building of Haiti begins.
still hablando mierda.
Ahora tu tienes un tokay ,mas loco que tu.
adivina quien !
Besides he lives in Brooklyn, can you blame him!
.....call me!