The Inter-American Development Bank wrote off Haiti's $479 million debt, and opened a new credit line of $200 million for the poorest Latin American country that was devastated by an earthquake in January.
The bank's president, Luis Alberto Moreno, made the statement during a Latin American economic forum in Cancun on Monday.
A devastating earthquake on January 12 killed over 220,000 people in and around the capital Port-au-Prince, leaving most of the country in shambles.
The Inter-American Development Bank was founded in 1959 to finance and support the economies of Latin American and Caribbean nations.
MEXICO CITY, March 22 (RIA Novosti)