Jonathan Katz reported that the World Bank, IMF, and IDB canceled $1.2 billion of Haiti's debt Tuesday, freeing up millions of dollars for much needed poverty reduction programs. Needless to say, this is excellent news. Given the scope of Haiti's needs, it never made sense its citizens should have to pay $1.6 million in debt per month, most of which was acquired under dictators that they never voted for. This represents a measure of confidence in the Preval Administration, which now has a bit more economic flexibility than it had before. More info below.
Thanksgiving is just around the corner, a time to reflect and be appreciative. In the United States, the economy is weak and many Americans have lost their jobs and/or their homes. While many of us will know frustration and disappointment, few will truly experience hunger. For this I am thankful. However, let us not forget that there are many families in Haiti and elsewhere struggling to feed themselves. Even during the hard times, we can make a difference with the most modest contributions of time or money.