Friday, February 5, 2010

Geithner Responds to Congress letter about Haiti debt!

Great news from RESULTS!!!
Hi Folks – so often it can take months, years and even decades to see the results of our advocacy… and sometimes it takes a couple of days.

Following the receipt of the Waters/Ros-Lehtinen letter with 94 signatures – including Financial Services Chair Barney Frank and House Majority Leader Steny Hoyer – Secretary Geithner announced today that he will work to eliminate all of Haiti’s debt and provide any further assistance in the form of grants. We were hearing nothing from the White House on its intentions, so this is a huge shift. Most of Haiti’s remaining debt is owed to multilateral institutions like the IMF and IDB, so this doesn’t guarantee that the debt will be cancelled, but having the full support of the U.S. is absolutely critical and a real turning point.

Thanks again for you work on this letter. In thanking your members for signing, you can let them know this had a real impact. The press release from Treasury is pasted below.


No comments: