IMF: Haiti loan will be interest-free for 2 years

WASHINGTON Thu Jan 21, 2010 10:52am EST

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WASHINGTON Jan 21 (Reuters) - Haiti will not pay interest on a proposed $100 million loan from the International Monetary Fund until the end of 2011 under an agreement struck last year that froze interest payments on IMF loans to poor countries, an IMF spokeswoman said on Thursday.

The loan proposal for the quake-devastated country is expected to be approved by the IMF's board on Jan. 27, spokeswoman Caroline Atkinson told a news briefing. (Reporting by Lesley Wroughton; Editing by James Dalgleish)

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