July 21, 2004

Meanwhile, Back In Haiti...

Remember that US-sponsored coup that removed the democratically elected President Aristide from power in the Western hemisphere's poorest nation?

"Today international donors meeting in Washington DC met their commitment to Haiti on paper but not in practice, said international agency Oxfam. A significant portion of the pledges made today were for loans not grants, which will do nothing to ensure faster, deeper debt relief for Haiti; but in fact push it into further, unsustainable debt. Currently, the Haitian external debt totals over $1.2 billion; however in 2002 Haiti's exports only totaled $248 million. This is an unsustainable situation..."

Story here: World Bank, IMF and US leave Haiti in Limbo.

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