IMF cancels $268 million Haiti debt

In this photo taken July 9, 2010, a patient stands as he adjusts his intravenous line at the State University of Haiti Hospital in Port-au-Prince. Haiti's most important general care facility, the State University of Haiti Hospital, is struggling to care for patients six months after the earthquake. The American Red Cross has pledged to help pay salaries of long-underpaid doctors. (AP Photo/Ramon Espinosa) (AP Photo/Ramon Espinosa)

July 22, 2010 5:54:09 AM PDT
The IMF says it has canceled Haiti's $268 million debt and will lend the earthquake-devastated country another $60 million to help it with reconstruction plans.