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23 September 2017 04:10 (South Africa)

IMF cancels Haiti debt

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

The International Monetary Fund cancelled Haiti's $268 million debt on Wednesday. It was quick, however, to issue the country with a new loan of $60 million. According to the IMF, this loan was not meant to give the country new debt, but to help Haiti "manage volatility" that might arise owing to the aid flowing into the country.  Read more: Reuters via New York Times

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

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