The International Monetary Fund has reached a tentative deal to extend a $229 million loan to Haiti.
IMF officials said the loan would be used to help feed children at schools and pay for social housing, among other things. It would be paid back over three years provided Haiti meets certain goals.
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The International Monetary Fund has reached a tentative deal to extend a $229 million loan to Haiti.
IMF Mission Chief Chris Walker said the deal aims to help Haiti overcome its fragility and improve people's lives. Walker's visit to the country ended Friday.
Protesters chant slogans against Prsident Jovenel Moise, as they carry the coffins containing the bodies of demonstrators who were killed during previous protests atop their cars, in Port-au-Prince, Haiti, Monday, March 4, 2019. Protesters are angry about skyrocketing inflation and the government's failure to prosecute embezzlement from a multi-billion Venezuelan program that sent discounted oil to Haiti. (AP PhotoDieu Nalio Chery)
Protesters prepare to set tires alight next to the coffins containing the bodies of demonstrators who were killed during previous protests in Port-au-Prince, Haiti, Monday, March 4, 2019. Protesters are angry about skyrocketing inflation and the government's failure to prosecute embezzlement from a multi-billion Venezuelan program that sent discounted oil to Haiti. (AP PhotoDieu Nalio Chery)
A masked demonstrator walks past a coffin containing the body of a protester who was killed during the week's previous protests in Port-au-Prince, Haiti, Monday, March 4, 2019. Protesters are angry about skyrocketing inflation and the government's failure to prosecute embezzlement from a multi-billion Venezuelan program that sent discounted oil to Haiti. (AP PhotoDieu Nalio Chery)
The loan was requested by the Caribbean country and still has to be approved by the IMF's executive board.
National police officers drive past a coffin containing the body of a demonstrator who was killed during previous protests in Port-au-Prince, Haiti, Monday, March 4, 2019. Protesters are angry about skyrocketing inflation and the government's failure to prosecute embezzlement from a multi-billion Venezuelan program that sent discounted oil to Haiti. (AP PhotoDieu Nalio Chery)
IMF Mission Chief Chris Walker said the deal aims to help Haiti overcome its fragility and improve people's lives. Walker's visit to the country ended Friday.
In recent weeks, the Western Hemisphere's poorest nation has been paralyzed by violent protests over corruption and skyrocketing inflation.
A man fixes a Haitian flag on one of the coffins containing the bodies of demonstrators who were killed during previous protests, in Saint-Michel Church, Port-au-Prince, Haiti, Monday, March 4, 2019. Protesters are angry about skyrocketing inflation and the government's failure to prosecute embezzlement from a multi-billion Venezuelan program that sent discounted oil to Haiti. (AP PhotoDieu Nalio Chery)
Protesters chant slogans against Prsident Jovenel Moise, as they carry the coffins containing the bodies of demonstrators who were killed during previous protests atop their cars, in Port-au-Prince, Haiti, Monday, March 4, 2019. Protesters are angry about skyrocketing inflation and the government's failure to prosecute embezzlement from a multi-billion Venezuelan program that sent discounted oil to Haiti. (AP PhotoDieu Nalio Chery)
Protesters prepare to set tires alight next to the coffins containing the bodies of demonstrators who were killed during previous protests in Port-au-Prince, Haiti, Monday, March 4, 2019. Protesters are angry about skyrocketing inflation and the government's failure to prosecute embezzlement from a multi-billion Venezuelan program that sent discounted oil to Haiti. (AP PhotoDieu Nalio Chery)
A masked demonstrator walks past a coffin containing the body of a protester who was killed during the week's previous protests in Port-au-Prince, Haiti, Monday, March 4, 2019. Protesters are angry about skyrocketing inflation and the government's failure to prosecute embezzlement from a multi-billion Venezuelan program that sent discounted oil to Haiti. (AP PhotoDieu Nalio Chery)