One of the world's poorest countries is getting a break on its debt payments.
Canada has forgiven Haiti's $2.3-million debt. It's part of the federal government's plan to relieve impoverished and heavily indebted countries of their debts to Canada. Canada has now cancelled a total of $965 million worth of debt owed by poor countries - including all debt owed by Latin American and Caribbean nations.
Canada has forgiven Haiti's $2.3-million debt. It's part of the federal government's plan to relieve impoverished and heavily indebted countries of their debts to Canada. Canada has now cancelled a total of $965 million worth of debt owed by poor countries - including all debt owed by Latin American and Caribbean nations.
Finance Minister Jim Flaherty made the announcement from Chile, where he is attending meetings of the Inter-American Development Bank governors and finance ministers of Latin America and the Caribbean. Flaherty says the debt relief will let Haiti spend its scarce resources on priorities instead of its liabilities.
-Reported by Canadian Press
-Reported by Canadian Press
My Personal Thought:
Even though 2.3 million dollars might not sound like a lot on the global stage but I'm pretty sure it means a lot to a very poor country like Haiti. Personally it’s good to know that my country is doing something to financially help these poverty stricken countries (especially during this global recession). These third world countries are obviously struggling to provide suitable living conditions for their people and clearing there debt will help them focus on getting more resources to tend to the needs of these people. I trust everybody else agrees with me when I say it is definitely a step in the right direction and hopefully the rest of the world’s leading nations take notice to this and follow in our countries footsteps.
Go Canada Go!!!
Even though 2.3 million dollars might not sound like a lot on the global stage but I'm pretty sure it means a lot to a very poor country like Haiti. Personally it’s good to know that my country is doing something to financially help these poverty stricken countries (especially during this global recession). These third world countries are obviously struggling to provide suitable living conditions for their people and clearing there debt will help them focus on getting more resources to tend to the needs of these people. I trust everybody else agrees with me when I say it is definitely a step in the right direction and hopefully the rest of the world’s leading nations take notice to this and follow in our countries footsteps.
Go Canada Go!!!
A perspective added by one of the most educated young minds I know:
This is the least Canada can do considering they took the lead in the imperial invasion of haiti and the ouster of its democratically elected president jean baptise-aristide. Canada has a long history of imperialist aggression and haiti is a sad example of this.
-Enver Harbans
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2 comments:
this is the least Canada can do considering they took the lead in the imperial invasion of haiti and the ouster of its democratically elected president jean baptise-aristide. Canada has a long history of imperialist aggression and haiti is a sad example of this.
Enver H.
Its funny because your pops told me that exact thing...
To be honest I never knew that; good comment... I'm adding that to the post...
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