Friday, July 03, 2009

Canada Cancels All Debt Owed by Haiti

The Honourable Jim Flaherty, Minister of Finance, today announced that the Government of Canada will forgive $2.3 million in debt owed by the Republic of Haiti through the Canadian Debt Initiative. With this relief, Canada has now cancelled $965 million worth of debt owed by the world’s poorest and most heavily indebted countries, including all of the eligible debt owed by Latin American and Caribbean nations.

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