World Bank and IMF cancel country's debts

Three international organisations cancelled US$1.2bn (€853,278) of Haiti's debt, freeing up millions of dollars each year for the deeply impoverished Caribbean nation that is beset by humanitarian crises.

The World Bank and the International Monetary Fund said their boards decided this week to forgive Haiti's obligations to the two organisations, a move that triggered previously announced debt relief from the Inter-American Development Bank.