The Reasoned Review

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IMF to Haiti: We Want Our Money!

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From the Inner City Press:

UNITED NATIONS, January 21 — While the IMF’s Managing Director Dominique Strauss-Kahn rushed out a statement that the “IMF is now working with all donors to try to delete all the Haitian debt,” on Thursday morning his spokesperson Caroline Atkinson called this a “medium range” goal.

Among Haiti’s creditors is the UN system’s International Fund for Agricultural Development. Even as the UN has done into “Haiti only” mode for the past nine days, there’s been no talk of canceling the UN’s own loans to Haiti.

Note that on the IMF’s outstanding $165 million loan to Haiti, reportedly the conditions included restrictions on public sector pay raises, and lifting the price of electricity.

Well, that doesn’t seem very fair…

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Written by pavanvan

January 31, 2010 at 8:37 am

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