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Paris Club urges creditor nations to cancel Haitis mounting debts

Published on January 19, 2010; Published on February 24, 2010
The Associated Press ~ staff The News

Topics :: Paris Club , Haiti , France

PARIS, France - The Paris Club of creditor nations urged all of Haiti's bilateral lenders on Tuesday to cancel the earthquake-stricken nation's debt.
The Paris Club said in a statement that considering the financing needs that Haiti will face in reconstructing the country, the group "calls upon other bilateral creditors also to urgently provide full debt cancellation to Haiti."
Paris Club members agreed in July to cancel all their claims on Haiti, which amounted to US$214 million.
The Paris Club is an informal group of creditor governments from industrialized countries.
It was not immediately clear how much bilateral debt Haiti owes other creditors outside the Paris Club.

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