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Political Crisis Having Disastrous Effects on Haiti's Economy

LADB Article ID: 54538
Category/Department: Haiti
Date: 1998-10-29
By: LADB Staff

Haiti's year-old political crisis, caused by the legislature's inability to agree on a prime minister (see EcoCentral, 09/24/98), is having disastrous consequences for the economy. As far back as April, during a brief visit to Haiti, US Secretary of State Madeleine Albright very publicly warned that the ongoing political stalemate could hurt the ability to get international financial aid.

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