!! History Commons Alert, Exciting News

Context of 'July 2003: Haiti Uses Almost All Foreign Reserves to Pay Off Foreign Debt'

This is a scalable context timeline. It contains events related to the event July 2003: Haiti Uses Almost All Foreign Reserves to Pay Off Foreign Debt. You can narrow or broaden the context of this timeline by adjusting the zoom level. The lower the scale, the more relevant the items on average will be, while the higher the scale, the less relevant the items, on average, will be.

1980s: Aristide Preaches in Haiti

Jean-Bertrand Aristide, a Roman Catholic priest, preaches Liberation Theology in Haiti. US conservatives spread stories that he could be the next Castro. [Rogozinski, 1992; Taipei Times, 3/1/2004; Observer, 3/2/2004]

Entity Tags: Jean-Bertrand Aristide, Fidel Castro

Timeline Tags: Haiti Coup

(September 1994): Chamblain Flees Haiti

FRAPH deputy leader Louis-Jodel Chamblain escapes to the Dominican Republic when the US military intervenes in Haiti to return Jean-Bertrand Aristide to power. [Human Rights Watch, 2/27/2004]

Entity Tags: Louis-Jodel Chamblain

Timeline Tags: Haiti Coup

February 7, 2001: Aristide Takes Office

Jean-Bertrand Aristide takes office amid criticisms that his party won the previous year’s congressional elections unfairly. [BBC, 2/7/2001]

Entity Tags: Jean-Bertrand Aristide

Timeline Tags: Haiti Coup

Haiti uses more than 90 percent of its foreign reserves to pay $32 million in debt service to its international creditors, requiring Aristide’s government to end fuel subsidies and slash spending on health and education programs. Haiti’s debt is of dubious legality, however, as the London-based Haiti Support Group explains: “Haiti’s debt to international financial institutions and foreign governments has grown from $302 million in 1980 to $1.134 billion today. About 40 per cent of this debt stems from loans to the brutal Duvalier dictators, who invested precious little of it in the country. This is known as ‘odious debt’ because it was used to oppress the people, and, according to international law, this debt need not be repaid.” The debt payment increases public dissatisfaction with Aristide’s administration. [Dollars and Sense, 9/7/2003; CounterPunch, 3/1/2004; London Review of Books, 4/15/2004]

Entity Tags: Jean-Bertrand Aristide

Timeline Tags: Haiti Coup, US-Haiti (1804-2005)

Ordering 

Time period


Email Updates

Receive weekly email updates summarizing what contributors have added to the History Commons database

 
Donate

Developing and maintaining this site is very labor intensive. If you find it useful, please give us a hand and donate what you can.
Donate Now

Volunteer

If you would like to help us with this effort, please contact us. We need help with programming (Java, JDO, mysql, and xml), design, networking, and publicity. If you want to contribute information to this site, click the register link at the top of the page, and start contributing.
Contact Us

Creative Commons License Except where otherwise noted, the textual content of each timeline is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike