IDB doubles grants to Haiti to US100 million

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The Inter American Development Bank will double the grant to Haiti to US$100 million for 2009 in order to help the Haitian government make vital investments in social and economic programs, IDB President Luis Alberto Moreno announced today.

Inter American Development Bank President Moreno who is traveling to Port-au-Prince this weekend to meet Haitian President Rene Preval, added that the IDB Board of Governors also approved US$14.15 million in interim debt relief for Haiti for the first half of 2009.

Read more here:
iadb.org/news/detail.cfm?language=...

Comments from a Miami Herald Editorial about this news:

"This may be the best news that Haiti has received in a long time."

"Other nations and international organizations should follow the IDB's example."

Prevalhaiti.com, December 17 2008, 10:10 PM

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