Canada grants Haiti debt relief
Published:Friday | July 3, 2009 | 1:07 PM
Canada has granted US$1.9 million in debt relief to Haiti.
Finance Minister Jim Flaherty says the debt forgiveness is part of the Canadian government\'s plan to relieve impoverished and heavily indebted countries.
He says the move should allow Haiti to spend its scarce resources on its priorities instead of its liabilities.
Canada has now cancelled a total of $831 million worth of debt owed by poor countries.
This includes all debt to Canada owed by Latin American and Caribbean nations.
Earlier this week the International Monetary Fund (IMF) and the World Bank also forgave millions in debt to the impoverished country.