“The world’s seven most industrialised countries have vowed to cancel remaining debt with earthquake-devastated Haiti.  After two days of talks in northern Canada, the G7 will scrap all Haiti’s debt owed to the US, UK, Canada, France, Germany, Italy and Japan.  But Haiti’s foreign debt remains around $1 billion, of which 40 per cent is owed to the InterAmerican Development Bank and a further 27 per cent to the World Bank”

Related posts:

1. US may face ‘Armageddon’ over debt
2. “UAE sets up emergency facility for banks”
3. “How South Korea should wield influence at the G-20″
4. “G7 focuses on Europe debt”
5. “China must shed light on local government debt”