Drop Haitian Debt
Following the terrible earthquake that struck the country in January 2010, ONE members took action, calling for the cancellation of Haiti's existing debt and demanding that new aid was provided in the form of grants.
Overview
On 12 January 2010 a massive 7.0 magnitude earthquake struck south of the Haitian capital, Port-au-Prince.
As Haiti faces the immense task of recovering from this tragedy, it will need all the help possible. One important area is the $641 million that Haiti owes to the International Monetary Fund (IMF), the Inter-American Development Bank (IDB), and a handful of others.
Haiti’s debt was largely accrued under the corrupt Duvalier regime, which borrowed money recklessly and spent it selfishly for 30 years. The new government has struggled with debt payments.
Campaign Milestones
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Feb 7 2010
Petition Delivered; G7 Leaders Call to Cancel Haiti’s Debt!
Thanks to the more than 400,000 who signed the petition worldwide, the cancellation of Haiti’s debt may be all but a formality at this point.
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Feb 27 2010
Delivering for Haiti
Momentum continues to grow for cancelation of Haiti’s $1 billion in debts so that the country can have a clean slate upon which to rebuild.
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Feb 28 2010
Momentum builds to cancel Haiti’s debt
Momentum is really now building to cancel Haiti’s $1 billion debt and give the country a clean slate as it begins reconstruction efforts.
Related Press Releases
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ONE urges long term help for Haiti through debt cancellation
ONE is calling on global creditors to immediately cancel Haiti's $1 billion debt and help give the earthquake-stricken country a fresh start by ensuring that new aid comes in the form of grants, not debt-incurring loans. More
Related Policy Hot Topics
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Haiti's Future
After Haiti's devastating earthquake, pledges of aid and reconstruction assistance poured in from around the globe. But to date, only 4 countries have delivered on those commitments. More