Canada’s Flaherty: Haiti needs a break on its debt

“The debt to multilateral institutions should be forgiven  and we’ll work with these institutions and other partners to  make this happen as soon as possible,” Flaherty said at press  conference closing a two-day gathering of finance ministers  from the G7 industrialized nations.

Over the course of the two-day meeting in the Canadian  Arctic town of Iqaluit, which was attended by World Bank  President Robert Zoellick and International Monetary Fund  Managing Director Dominique Strauss-Kahn, members discussed  what long-term assistance Haiti will need, Flaherty said. He  did not mention any figures.

Haiti says that more than 200,000 people died in the Jan. 12  earthquake, which displaced hundreds of thousands more and  wrecked the country’s capital, Port-au-Prince.

Aid has come from around the world but so much of Haiti’s  infrastructure was lost or damaged that officials say it will  take a wholesale reconstruction effort to get the country on  its feet economically.