Debt Relief for Haiti is a Bi-Partisan Victory!
On Wednesday evening, the House of Representatives passed Rep. Maxine Waters’ bill, (H.R. 4573)- the Debt Relief for Earthquake Recovery in Haiti Act. It passed under what is known as ‘a suspended rule’ meaning that it is not considered controversial, so the vast majority of the House Members voted for it. This legislation directs the Secretary of the U.S. Treasury to seek the cancellation of Haiti’s $1.2 billion debts to the World Bank, the International Monetary Fund (IMF), the Inter-American Development Bank (IDB) and other multilateral development institutions. It also directs the Secretary to urge other bilateral, multilateral, and private creditors to cancel all debts owed by Haiti to such creditors. We expect the Senate to take up and pass the Waters bill in the next few weeks, so President Obama can sign it into law.
The voices of ONE members and our partners are being heard loud and clear on Capitol Hill. We will keep monitoring the progress of this legislation, and its implementation, when it becomes law.
- Previous Post One small vote for big change
- Next Post Tostan: Spreading Social Change
Blog Contributors
Hot Topics
-
Fight the Famine, Feed the Future
ONE is campaigning to ensure that the Congressional budget does not cut foreign assistance programs like Feed the Future that help people break the cycle of poverty and hunger. -
Crisis in the Horn of Africa
The Horn of Africa is experiencing its worst drought in 60 years. More than 11 million people, mostly nomadic pastoralists and farmers in south-central Somalia, north-eastern Kenya, and south-eastern Ethiopia, are severely lacking access to food. -
The Beginning of the End of AIDS
2011 marks 30 years since the first cases of AIDS were documented. Take a closer look at the specific, achievable goals we must hit by 2015 to make this year the beginning of the end of AIDS. -
Agriculture Accountability
As aid agencies warn more than 9 million people could be affected by a food crisis in East Africa, world leaders are failing to keep their 2009 promises to tackle the causes of chronic hunger and support farmers in the world's poorest countries.
From Our Members
-
Rep. Dicks is not the Norm… he’s a champion
Feb 3rd, 2012 | Posted by Field -
Moved by the war in Sierra Leone, an Ohio teenager finds a way to give back
Jan 26th, 2012 | Posted by Guest Blogger -
ONE Peoria links up with local Rotary group
Jan 23rd, 2012 | Posted by Field
From Our Partners
-
ONE Act a Week: Nominate an idea that promotes equality for girls & women
Feb 3rd, 2012 | Posted by Malaka Gharib -
United Against Malaria partners with football stars to protect children in Africa
Feb 1st, 2012 | Posted by Guest Blogger -
More than just a purse: Artisanal accessories expand opportunities for women in Uganda
Jan 31st, 2012 | Posted by Guest Blogger
March 15, 2010 at 12:59 pm
This is such excellent news! This was one of the biggest reasons Haiti was so poor.