Haiti, Debt, and the Tipping Point
During a recent visit to Haiti, World Bank President Robert Zoellick warned that Haiti is at a ''tipping point'' given the billion dollars of damage caused by flooding from tropical storms. For the first time in years, Haiti has a legitimately democratic, albeit struggling, government. Given the World Bank's problematic history in Haiti, the agency should help the government by forgiving its debt -with the caveat that funds would be subject to external oversight and directed to disaster preparedness and response as well as reviving the agricultural sector.
