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    IADB writes off $479 mln Haitian debt, opens new $200 mln credit line

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    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 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)

     

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