Frozen international aid looks set to resume to Haiti

July 2003
New York Amsterdam News;7/31/2003, Vol. 94 Issue 31, p14
Saying they were upset with the apparent reluctance of politician Jean Bertrand Aristide government to implement political reforms and curb violent attacks on the media and opposition activists, the international community led by the U.S. froze more than $500 million in development to Haiti in recent years, further worsening the island's already battered and ailing economy. But clear signs emerged in the past week that international assistance to Haiti may be resuming, with the Washington-based Inter-American Development Bank (IDB) moving to release the first portion of $200 million in withheld loans, frozen for three years owing to unpaid debts. The IDB moved to release the money to Haiti at the end of last week after the central bank dipped into its meager foreign exchange reserves, forking out $32 million to clear arrears.


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