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Washington (AFP) Feb 5, 2010 The United States voiced support Friday for international debt relief for earthquake-hit Haiti. The Treasury Department said the United States would work with its partners around the world to relieve all debts owed by Haiti to international institutions. The department said the move was also aimed at ensuring grant financing to support Haiti's reconstruction and recovery from the January earthquake, which destroyed large parts of the capital Port-au-Prince and killed more than 200,000 people. "The earthquake in Haiti was a catastrophic setback to the Haitian people who are now facing tremendous emergency humanitarian and reconstruction needs, and meeting Haiti's financing needs will require a massive multilateral effort," Treasury Secretary Timothy Geithner in a statement. "Today, we are voicing our support for what Haiti needs and deserves -- comprehensive multilateral debt relief," he said. The United States intends to seek a commitment with other donors for the relief of Haiti's debt to the Inter-American Development Bank, the International Fund for Agricultural Development and the International Development Association "in a manner that provides direct and immediate grant support to Haiti," the statement said. Geithner also welcomed International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn's call to provide full relief for Haiti's outstanding IMF debt, including the 102 million dollar emergency loan approved in January. "We are committed to working quickly and closely with these institutions in a way that provides immediate grant assistance to help the Haitian people recover and rebuild," Geithner said. He said he wanted to work with leaders of the US Congress, the IMF, and the multilateral development banks to provide the "critical support Haiti needs for recovery." He also looked forward to discussing the issue with his counterparts at the Group of Seven industrialized nations meeting in Iqaluit, Canada this weekend. In September 2009, the United States concluded an agreement with Haiti that eliminated 100 percent of the Haitian Government's outstanding debt to the US.
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Haiti Earthquake: A Reminder That Disasters Are PreventableBoulder CO (SPX) Feb 04, 2010 Amid all the commentary focused on the historic tragedy in Haiti, a tough but important fact has gone virtually unmentioned, according to a nationally recognized expert on disasters at the University of Colorado at Boulder. "What is missing from the tragedy of disaster, and our response to it, is the recognition that disasters are preventable, that it is within the power of societies and c ... read more |
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