131. and Debt Cancellation for Haiti
June 26, 2009 § Leave a comment
124. More. Privatiztion. We know what that means.
The IMF and World Bank’s debt relief program requires countries to first implement a series of harmful economic reforms such as privatization of basic services before obtaining debt cancellation. Haiti was admitted into the IMF and World Bank’s program (or HIPC, Heavily Indebted Poor Countries, Initiative) in April. The government is now committed to undergo a minimum of two years of structural reform before reaching “completion point” in the program and being granted debt relief.