Wed | May 27, 2020

US lawmaker pass bill to cancel Haiti’s debt

Published:Wednesday | December 31, 1969 | 7:00 PM

The United States House of Representatives has unanimously passed a bill calling for the cancellation of Haiti’s debt in the wake of the January 12 earthquake.

The measure orders US representatives to the Washington-based International Monetary Fund (IMF) and other lending agencies to take action to cancel Haiti’s debt obligations.

It’s expected to be signed into law shortly by President Barack Obama.

The bill, known as the Haiti Recovery Act, also urges that prospective aid to the French-speaking nation be in the form of grants, rather than loans.

In addition, it calls for the US government to support the formation of an international trust fund to aid in infrastructural development in Haiti.