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UN experts recommend immediate abolition of debt owed by Haiti to international financial institutions
creditors development external financial financial institutions global television international financial television

February 5, according to Venezuelan Global Television reported today, the United Nations independent foreign debt expert Lumina yesterday suggested the immediate abolition of Haiti owed to international financial institutions such as the World Bank debt, so that Haiti can recover from the earthquake damage. In a communiqué, Lumina congratulated the 19-nation Paris Club for removing the 214 million dollar decision that Haiti owed. But he did not think that was enough, and more important was to exempt Haiti from the external debt owed to multilateral creditors. At present, Haiti's external debt is $890 million, of which 41% per cent is owed to the Inter-American Development Bank and the World Bank owes 27% of its debt. He ...

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