World Bank cancels Haiti's $36 million debt

Haiti's $36 million debt to the World Bank was canceled to further spur their recovery from a massive earthquake in January. 

Wiping out the country's International Development Fund debt was aided by 13 countries, the World Bank announced Friday. 

"Reliving Haiti's remaining debt is part of our effort to pursue every avenue to help Haiti's reconstruction efforts," said World Bank Group President Robert Zoellick in a statement. "We will continue to work in close cooperation with the Haitian government and our international partners to support the country's recovery and longer-term development."

The World Bank has provided $479 million in grants to support the recovery through June 2011. The bank also is involved in the Haiti Reconstruction Fund, which has donors from several countries. 

It's the second time in the past year that Haiti has been granted debt relief. In July 2009, $1.2 billion of debt was forgiven. 

Belgium, Canada, Finland, France, Germany, Ireland, Italy, Japan, The Netherlands, Norway, Spain, Sweden and Switzerland all contributed to erase the debt.