The Paris Club of creditor nations—a group which includes Canada—has promised to cancel Haiti’s foreign debt obligations, and is calling on other nations to do the same. The informal group of 19 lenders, formed in 1956, is owed a total of $214 million and also includes Belgium, Denmark, Italy, France, Britain, and the U.S. Haiti’s total foreign debt was worth US$1.8 billion as of Sept. 2008.
Canada among foreign lenders cancelling Haitian debt
IMF estimates total public external debt at $1.8 billion
FILED UNDER: Haiti