Category: Inter-American Development Bank

Haiti heads for debt crisis as emergency loans pile up earthquake

(January 31, 2010) Anti-poverty campaigners warn emergency funds loaded to Haiti, at the height of crisis, will become a heavy debt burden for the quake devastated country. Already caught in a cycle of repayment for loans racked up by dictators from the western governments that kept the country’s looters in power, Haiti can’t afford its future in the present form of help.