Haiti : World Bank cancels Haiti's debt

Discussion in 'Black History - Culture - Panafricanism' started by jamesfrmphilly, May 28, 2010.

  1. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    World Bank cancels Haiti's debt
    (AFP) – 5 hours ago
    WASHINGTON — The World Bank said Friday it had cancelled Haiti's remaining debt to help the impoverished country recover from a devastating earthquake four months ago.
    Haiti, the poorest country in the Western Hemisphere, will not have to repay 36 million dollars owed to the International Development Association (IDA), the bank's fund for the poorest countries, the Washington-based institution said in a statement.
    "Haiti now has no further amounts payable to the World Bank," it said.
    The IDA debt cancellation was made possible by contributions from 13 member nations: Belgium, Canada, Finland, France, Germany, Ireland, Italy, Japan, The Netherlands, Norway, Spain, Sweden, and Switzerland.
    Shortly after the massive earthquake in January flattened the Haitian capital of Port-au-Prince, the 186-nation World Bank announced it had suspended repayment of the IDA debt and would seek to cancel it.
    "Relieving Haiti's remaining debt is part of our effort to pursue every avenue to help Haiti's reconstruction efforts," Robert Zoellick, president of the World Bank, said in the statement.
    "We will continue to work in close cooperation with the Haitian government and our international partners to support the country's recovery and longer-term development."
    The World Bank noted it has made available 479 million dollars in grants to support Haiti's post-quake recovery and development through June 2011 and is also the trustee of the multi-donor Haiti Reconstruction Fund.



    http://www.google.com/hostednews/afp/article/ALeqM5hCK-vVemjKRHTm0wfzIcLFXBgdnA
     
  2. river

    river Watch Her Flow MEMBER

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    When whites come into our neighborhoods talking about post tragedy development, what does it mean?

    Well then.
     
  3. info-moetry

    info-moetry STAFF STAFF

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    "Tbe defessus of cupiditas quod Romanorum gestum munia"
     
  4. Amnat77

    Amnat77 Well-Known Member MEMBER

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    NWO is in full effect!
     
  5. river

    river Watch Her Flow MEMBER

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    and in English this means...
     
  6. anAfrican

    anAfrican Well-Known Member MEMBER

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    good to see this cancelled ... but like river, i wanna ask "what's the catch?"
    <grin> highlighting the phrase, right clicking on the highlight and selecting "search web for ..." yields a google page with four hits. the first one is info's post. the following stuff comes from the second hit. didn't see "Romanorum" in that list, but it sort of looks like some variation of "Romans" or "of Roman" or something. almost it wants to say something to me, but i'm kinda tired.

    Absum!

    defessus : weary, tired.

    cupiditas : ambition, avarice, party spirit, eager desire.

    cupiditas : greed.
    quod : (neut. sing. acc.) (the sea), WHICH you cannot drink dry.

    quod : (+ comparative) the x the better (quod celior = the faster the.

    quod : (beginning sentence) and, but, now.

    quod : (neut. sing. nom.) (the war), WHICH killed so many.

    quod : (with time) since, as far as, to the extent that.

    quod : because, whereas, the point that, the fact that.

    gestum (gero) : carriage, bearing / having borne.

    gestum (gero) : carrying about, conduct (oneself).

    munia : tributes, gifts, payments.
     
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