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Monday, June 23, 2008
The International Monetary Fund has approved $26.5 million additional funding to Haiti to help the Caribbean country cope with high food and fuel prices. The funding is part of a total disbursement to Haiti of $38.7 million under the country's three-year IMF program. The IMF said the program had been modified for the rest of the year to reflect the impact from the price shock, which caused rioting in the country. "The program accommodates spending on social assistance programs and measures to soften the impact of higher food prices on the population, much of it financed by additional donor support," the IMF said.
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