With the devastating effects of the early 2010 earthquake in Haiti there came renewed calls for a further debt cancellation from civil society groups . In light of the tragedy and new borrowing that lifted Haiti 's debts back to $ 1.25 billion , groups such as the Jubilee Debt Campaign called for this debt to be dropped . Furthermore , during the aftermath emergency money was offered to the Haitian government from the IMF in the form of loans . Civil society groups protested the offer of loans and not grants for such an already heavily indebted country trying to cope with such destruction . Some have argued , however , that because Haiti 's annual debt service payments are so low ( $ 9 million a year , net of the debt service paid on Haiti 's behalf by the U.S. government ) , canceling the debt would do little to help the country recover from the earthquake , and should not be a priority for activism
2010 earthquake in Haiti
2010 Haiti earthquake
External debt of Haiti