Hmmmm, yeah this is deeply suspicious all round. This is the release about the Bill here:
https://waters. house.gov/media-center/press-releases/haiti-debt-relief-bill-authored-congresswoman-maxine-waters-passes-hou-0
Key points:
"1. cancel immediately and completely all debt owed by Haiti to these institutions;
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suspend Haiti's debt service payments to the institutions until the debt is canceled completely; and
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provide additional assistance to Haiti in the form of grants so that Haiti does not accumulate additional debt.
H.R. 4573 also directs the Secretary of the Treasury and the Secretary of State to use all appropriate diplomatic influence to secure the cancellation of all remaining bilateral, multilateral, and private creditor debt owed by Haiti."
I'm not sure how this plan played out or what the point was. So Congress instructs Geithner and Hillary to use all appropriate influence to cancel Haitian debt. But cancelling the debt stops money flow from Haiti to creditors. How does that help MW? Did she get a cut from the creditors in Haiti?
Can anyone see what I'm missing here? Does cancelling the current debt arrangements allow the CF to swoop in and take over the refinancing and funding of all Haitian operations?