The IMF offers Haiti a $7.4mil loan

Santo Domingo – The International Monetary Fund (IMF) has offered Haiti US$7.4 million for the reconstruction of the earthquake-ravaged nation, local press said on Thursday.

The fund is part of the $46.9 million from the fifth credit line set up by the IMF on July 2010, when the Fund condoned Haiti a debt of about $268 million dollars.

At the end of March, the IMF unblocked another $15 million loan, as part of the same three-year credit programme for a total of $60 million.

Haiti is struggling to recover after the January 2010 earthquake that had killed 222 570 Haitians and levelled the capital Port-au-Prince.

Last month, an IMF delegation visited Haiti and expressed their satisfaction for its economic progress made during the three months after the country overcame the political crisis caused by the resignation of former Prime Minister Garry Conille.

The delegation asked Haitian Prime Minister Laurent Lamothe to accelerate the reconstruction of the country in a “favourable political context”.

In April, the IMF predicted that Haiti’s GDP would grow by 7.8% in 2012, higher than last year’s 5.6 %. – SAnews and Xinhua