Posted on 05/29/2010 2:57:05 AM PDT by UAConservative
The World Bank said on Friday it has written off $36 million of Haiti's remaining debts to the lender with the help of contributions from 13 countries.
With the decision, Haiti has nothing further to pay to the World Bank, the institution said. The debt was owed to the World Bank's fund for its poorest borrowers, the International Development Association, or IDA.
Canceling the debt will free up funds -- which would have been spent on servicing the IDA debt -- for rebuilding after Haiti's devastating Jan. 12 earthquake.
The Bank said funding to write off the debt was received from Belgium, Canada, Finland, France, Germany, Ireland, Italy, Japan, the Netherlands, Norway, Spain, Sweden and Switzerland.
(Excerpt) Read more at reuters.com ...
Didn't the US just bail out these countries? Who on earth said that they could donate OUR money to Haiti?
It isn’t cancelled, just transferred to us!
And the Liberal Globalist nutjobs will still be praising all this Global economy!
The money the US lends out thru World Bank, IMF, and the other failed Globalist entities....lends to Third World crap hole countries....never gets paid back.
More American money just gets peed away...
Wow, being a Haitian is lucrative.
How do WE get in line for this GRAVY TRAIN???? I got a few debts I’d like .....
It’s far less than our treasury has written off for Nancy Pelosi or the most recent Clintoon bribes. I doubt we citizens had any more control over those expenditures than we did over bail outs of nations who don’t always act in our best interests.
We need representation in Government; not subjugation by Government.
I think this video will explain it quite well, folks:
http://www.youtube.com/watch?v=H0a_FA_J6Sw&feature=player_embedded
Bookmark
Think of it as “reparations”...
Very good video—tragic but very funny at the same time!
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