Drop Haiti's Debt
Donations are flooding in to Haiti after the devastating earthquake that struck on 12 January. But every day money is still flowing out of the country, to repay Haiti's remaining debts.
After the earthquake which has left an estimated 200,000 dead, Jubilee Debt Campaign is calling for urgent cancellation of Haiti's debt as the country attempts to recover from this disaster.
In June 2009, thanks to the efforts of Jubilee supporters, two thirds ($1.2 billion) of Haitian debt was cancelled. However as the deal only included debts accrued up to 2004, loans drawn since that time have been adding to national debt. As the UN launches an appeal for more than $550 million in aid, Haiti has $1 billion debt remaining on its books.
The International Monetary Fund had offered Haiti a $100 million LOAN in response to the disaster, with unacceptable conditions attached. Since then, pressure from activists around the world has caused it to consider transferring this to a grant, but we need to keep the pressure on.
Take action
Ask the Chancellor, Alistair Darling, to drop Haiti's debt.
