IMF provides USD 100 mn aid to Haiti

The IMF announced a USD 100 million in emergency assistance to Haiti.

The International Monetary Fund on Thursday announced a USD 100 million in emergency assistance to Haiti,where according to US Secretary of State Hillary Clinton tens of thousands of people are feared killed in the catastrophic earthquake that hit the country early this week.

IMF Managing Director Dominique Strauss-Kahn announced that the Fund will provide USD 100 million very rapidly in emergency financing to Haiti to assist it in dealing with the aftermath of the massive and devastating earthquake that has hit the country.

“I have asked staff to look into all the possibilities

and am pleased to announce that we are able to make USD 100 million available very quickly,” he said in a statement.

“We are coordinating with other international agencies to mobilise assistance as quickly as possible in order to help Haiti with the difficult task ahead of rebuilding the country,” Strauss-Kahn said.

The emergency financing would be provided as an augmentation to the existing IMF-supported arrangement with Haiti under the Extended Credit Facility (formerly the Poverty Reduction and Growth Facility).

The USD 100 million in new funding is subject to approval by the IMF Executive Board,which could consider the augmentation under accelerated procedures.