Momentum is really now building to cancel Haiti’s $1 billion debt and give the country a clean slate as it begins reconstruction efforts.
Since we launched our campaign we’ve seen real progress, which is giving us hope that we can help score a success.
According to reports, Venezuela now plans to cancel its share of the debt. As we’ve reported, Haiti’s debt to Venezuela is approximately $295 million. This is an enormous step forward in Haiti’s path to full debt cancellation. Announcing the cancellation, Venezuelan resident Hugo Chávez is reported to have said, “Haiti has no debt with Venezuela – on the contrary, it is Venezuela that has a historic debt with Haiti.”
Adding to the increasing volume of calls asking world leaders to forgive Haiti’s debt, Canada’s Finance Minister Jim Flaherty yesterday argued that given Haiti’s current focus and priorities, the country should not be burdened by “liabilities of its past.” Flaherty specifically called on others to follow Canada’s lead of debt cancellation.
All of this is very encouraging, but we still have much work to do. So our attention is now turning to governments directly, especially those attending the G7 Finance Ministers Meeting next week.
Thank you to everyone who has taken action so far. With your help we really are making a difference.
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