Obama Administration Says It's Near Deal to Cancel Haiti's Debt

WASHINGTON (AP) - The Obama administration says it is near an
agreement with other nations to cancel the $447 million that Haiti
owes to the Inter-American Development Bank.

Treasury Department officials said Thursday that a deal would
likely be struck this weekend to cancel Haiti's debt to the bank,
which serves as a major source of development loans for Latin
America and the Caribbean.

Two senior Treasury officials briefed reporters in advance of
the annual meetings of the bank which will begin Friday in Cancun,
Mexico. They spoke on condition of anonymity because the meetings
have yet to occur.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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