February 5, 2010 1:49 PM

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Cancel Haiti's external debt to allow it to recover from the devastating earthquake: UN independent expert

The UN independent expert on foreign debt and human rights, Cephas Lumina has called for immediate cancellation of Haiti's external debt to allow it to recover from the devastating earthquake.<br/><br/> Haiti's current external debt amounts to about 890 million U.S. dollars, around 70 percent of which is owed to multilateral creditors, mainly the Inter-American Development Bank and the World Bank.<br/><br/>The January 12th Earth quake, is estimated to have affected one third of the nine million citizens of Haiti, the poorest nation in the Western Hemisphere.<br/>

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