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Rep. Clarke Applauds Secretary Geithner’s Support for International Debt Relief for Haiti, Financing of Recovery through Grants

Today, U.S. Treasury Secretary Timothy Geithner announced that the United States will work with our global partners to relieve all debts owed by Haiti to international institutions. They will also work to ensure grant financing to support Haiti’s reconstruction and recovery from the devastating earthquake in January.

“I applaud Secretary Geithner and the Obama Administration for leading a global effort to relieve all of Haiti’s debt. This is an encouraging step forward to the long term recovery for this nation,” stated Rep. Yvette Clarke.

International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn’s has committed to providing full relief for Haiti’s outstanding IMF debt, including the $102 million emergency loan approved on January 27, 2010. The Treasury Department also continues to seek a commitment with other donors to relieve Haiti’s debt to the Inter-American Development Bank (IDB), the International Fund for Agricultural Development (IFAD) and the International Development Association (IDA).

“New York is home to the second largest population of Haitian immigrants in the United States, most of whom are represented in my district. This announcement is sends a strong message that the United States remains committed to helping the people of Haiti. Know that I will continue to work closely with my colleagues in the House of Representatives, the Obama Administration and Caribbean officials to help this nation recover from this natural disaster.