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Washington (CNN) -- The executive board of the International Monetary Fund approved Wednesday the cancellation of Haiti's $268 million debt to the fund.
The board also approved a three-year request by authorities to support Haiti's reconstruction and growth program.
The decisions are part of an effort to support Haiti's longer-term reconstruction plans after the January 12 earthquake, which killed more than 220,000 people, destroyed 60 percent of government infrastructure and left more than 180,000 homes uninhabitable.
Six months later, more than 1.5 million remain in overcrowded displacement camps.
"The new program provides a strong and forward-looking framework to support economic stability and reconstruction in the country, and will also help catalyze donors' contributions," the IMF said in a posting on its website.
( Read the rest at CNN.com. Don't miss the section on who has and hasn't made good on their pledges of monetary support. )
The board also approved a three-year request by authorities to support Haiti's reconstruction and growth program.
The decisions are part of an effort to support Haiti's longer-term reconstruction plans after the January 12 earthquake, which killed more than 220,000 people, destroyed 60 percent of government infrastructure and left more than 180,000 homes uninhabitable.
Six months later, more than 1.5 million remain in overcrowded displacement camps.
"The new program provides a strong and forward-looking framework to support economic stability and reconstruction in the country, and will also help catalyze donors' contributions," the IMF said in a posting on its website.
( Read the rest at CNN.com. Don't miss the section on who has and hasn't made good on their pledges of monetary support. )