Paris Club urges creditor nations to cancel Haitis mounting debts

The Associated Press ~ staff The News
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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.

Organizations: Paris Club

Geographic location: Haiti, France

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