IMF cancels $268 million Haiti debt

Thu Jul 22, 5:24 am ET

PARIS – The IMF says it has canceled Haiti's $268 million debt and will lend the earthquake-devastated country another $60 million to help it with reconstruction plans.

The International Monetary Fund said Wednesday the decision is part of a plan for long-term reconstruction after the Jan. 12 magnitude-7 quake, which killed as many as 300,000 people.