Today in Latin America Top Story — The International Monetary Fund (IMF) approved Wednesday the cancellation Haiti’s $268 million outstanding debt. On top of the debt cancellation, the IMF’s executive board approved a three-year request by authorities to support Haiti’s reconstruction and growth program. The $60 million loan is intended to boost Haiti’s international reserves [...]
The world’s seven wealthiest countries said they will cancel the debt Haiti owes them at a meeting of the G-7 in Canada on Saturday, The BBC reports. The G-7 also said it would work to cancel the debt Haiti owes to multilateral institutions. The announcement provides the latest indication that the international community may cancel [...]
NEW YORK — A Port-au-Prince school collapsed on a sunny day in Nov. 2008, leaving 80 children dead. The school, perched precariously on a hillside, had been built without a permit and with watered down concrete, its students crammed into overcrowded classrooms to increase tuition profits. “Where was the state?” asked William O’Neill, a lawyer [...]
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