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.
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.
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.