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January 21, 2010

IMF Drops Conditions on $100M Haiti Loan
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The International Monetary Fund has backed off an effort to impose new
loans on Haiti. Last week, the IMF said it would provide Haiti with $100
million under an extension of a previous loan. The initial funds imposed
conditions including wage freezes for public sector workers, inflation
controls and price hikes for electricity. But after public outcry, the
IMF released a statement claiming its $100 million loan would now come
in the form of an interest-free grant.



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