IMF approves almost $70M for Haiti as earthquake recovery continues

WASHINGTON, United States, Thursday May 21, 2015 – The Executive Board of the International Monetary Fund (IMF) has approved a US$69.7 million three-year aid programme for Haiti to help its continued recovery from a devastating earthquake that claimed a quarter million lives five years ago.

About US$10 million has already been disbursed under the Extended Credit Facility (ECF) while the remainder will be phased in, subject to semi-annual programme reviews.

The IMF said while growth since the January 12, 2010 earthquake has been positive, it was not enough to significantly reduce poverty.