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9201: Haiti's Economic Punishment (fwd)
From: kevin pina <email@example.com>
Economic punishment has been the greatest tool used as leverage by the
international community and the OAS in pressuring Haiti to alter its
internal politcal landscape. If Haiti has been poor then we can only expect
she has grown poorer since the patrons of "political crisis" hoisted their
flag and effectively put a freeze on economic development. Haiti may grow
poorer still with the compounded impact of a global economic crisis and a
further decline of economic infrastructure. Every nation in the world is
adjusting its economic policy to "weather the storm" and Haiti would be
foolish not to do the same.
Haiti's people should not be forced to endure further economic "punishment"
for having a government that clearly enjoys the support of the poor
majority, a fact that is rarely acknowledged or downplayed in the
negotiations to resolve the "political crisis". Haiti's democracy may be
imperfect in its infancy but freezing international loans, while insisting
that the interest continued to be paid on those loans in the current
economic climate, is draconian.
HAITI PROGRES-* THIS WEEK IN HAITI *
Oktob 3 - 9, 2001
Vol. 19, No. 29
Noting that the people's misery is growing, he [Aristide] recalled that
Haiti has already paid $8 million in interest on loans which the
Inter-American Development Bank has not yet released due to the
BUENOS AIRES, Argentina, Oct 5 (Reuters)...
Sachs said Argentina's ``depression'' was mostly due to a lack of
competitiveness in technology and a low exports-to-gross domestic product
ratio of about 8 percent. The exports/GDP ratio is the fourth-lowest in the
world behind Rwanda, Burundi and Haiti, he said.
Argentina, Latin America's third-largest economy, is in its fourth year of a
deep slump. The unpopular government faces the task of trying to kick-start
sinking consumer demand while also making sharp cuts in public salaries and
pensions to meet its deficit targets and please its creditors.
``This is not a hugely wasteful state where you can just slash spending, nor
is the debt so large. It's the high interest payments that make the debt so
expensive,'' Sachs said. ``Creditors are deeply hurting their own
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