G7 countries agree to cancel Haiti’s debts
At a summit in northern Canada, the Group of Seven countries agreed to a plan that will cancel roughly $1.2 billion of Haiti’s debts to countries and international lenders. The G7 group includes Canada, the United States, the United Kingdom, France, Germany, Italy and Japan. Other creditors include Venezuela and Taiwan.
The U.S. already had agreed to erase Haiti’s debt to the U.S. in September, 2009 and, last Friday, called upon the international community to do that same.