-
Boeing to divest tech ventures for stake in air-taxi startup
-
Bookmap Announces Partnership with Plus500 to Expand Futures Trading Access
-
Major quake rocks Colombia and neighbors, 18 confirmed dead
-
Barcelona turn down PSG offer for Torres
-
Brazil aircraft maker Embraer raises outlook after record revenue
-
Buildings collapse as major quake rocks Colombia and neighbors
-
Drought forces water restrictions across nearly 70 percent of France
-
Meta releases new AI model as Zuckerberg lays out vision
-
Europe wary as gas stocks languish at lows while winter looms
-
Freedom Holding Corp. Reports 40% Increase in Quarterly Revenue to $732.5 Million
-
OFunded Enters the Prop Trading Market With Broker-Backed Infrastructure From OFinancial Markets
-
What next for beleaguered FIFA president Infantino?
-
Stocks mostly flat with focus on US inflation
-
Greece contains new wind-driven fire near Athens
-
UK radio broke rules in announcing king's death: watchdog
-
Massive shake-up of Hungary media after Orban's exit
-
Europe braces for another summer heatwave
-
Days of heavy rain leave at least 16 dead in Philippines
-
Tentoglou keep bid for fourth Euro title on course, Nowicki misses out
-
Bezos consortium nears deal to buy Liverpool stake: report
-
MEXC Sponsors Yohani's Colombo Concert, Bridging Sri Lankan Culture and Global Digital Finance
-
Stocks mostly rise with focus on US inflation
-
Parts of Germany's Rhine could become unnavigable, group warns
-
Days of heavy rain leave at least 13 dead in Philippines
-
Base Markets Appoints Nazim Moussaoui as Head of Premium Clients and Partnerships
-
Ex-Thai MP shoots dead local official over money row
-
US, South Korea to drill for new threats from North
-
July was Spain's hottest month on record: weather agency
-
SCANDIC TRADE Ultimate 2.6 är färdigutvecklat – SNC SCANDIC ECO-Systemet är nu komplett
-
SCANDIC TRADE Ultimate 2.6 jest gotowy – system SNC SCANDIC ECO jest kompletny
-
SCANDIC TRADE Ultimate 2.6 je hotový – systém SNC SCANDIC ECO je kompletní
-
تم الانتهاء من تطوير SCANDIC TRADE Ultimate 2.6 – وبذلك أصبح نظام SNC SCANDIC ECO متكاملاً
-
Record July heat in regions home to 900 mn people: AFP analysis
-
SCANDIC TRADE Ultimate 2.6が完成――SNC SCANDIC ECOシステムが完成しました
-
स्कैंडिक ट्रेड अल्टीमेट 2.6 अब पूरा हो गया है – SNC स्कैंडिक इको-सिस्टम अब पूरी तरह से चालू है।
-
Embattled Infantino target of letter from three confederations
-
SCANDIC TRADE Ultimate 2.6이 완성되었습니다 – SNC SCANDIC ECO-시스템이 완성되었습니다
-
SCANDIC TRADE Ultimate 2.6 已正式推出——SNC SCANDIC ECO 系統現已完整建置
-
SCANDIC TRADE Ultimate 2.6 завершено — екосистема SNC SCANDIC стала повноцінною
-
SCANDIC TRADE Ultimate 2.6 завершена — экосистема SNC SCANDIC стала полноценной
-
SCANDIC TRADE Ultimate 2.6 is now complete – the SNC SCANDIC ECO-System is now fully operational
-
Eighth day of wildfires in Indonesian national park
-
Chinese AI drives price competition among US labs
-
One woman confirmed dead in western Canada wildfire
-
Indian students step up exam protests in Jharkhand
-
Energy transition threatens to wipe Dutch village from map
-
Stopped broadcast, layoffs: Hungary media eyes post-Orban renewal
-
Self-taught Turkish 'linguist' keeps dead language alive
-
Typhoon Dolphin weakens but disrupts travel in east China
-
Asian stocks track Wall St higher after US job losses ease rate fears
Haiti's colonial debt burden sparks debate -- but official silence
A newspaper expose has reignited debate over the ongoing legacy of debts that Haiti was forced to pay to former colonial ruler France in the 19th century -- but the country's elites are surprisingly keen to bury the issue.
After months of poring over archives, The New York Times estimated that debt payments starting in 1825 cost poverty-stricken Haiti between $21 billion and $115 billion -- or as much as eight times its GDP in 2020.
In Haiti, the figures have added fresh fuel to a fierce debate that stands in stark contrast to the silence from authorities in the capital Port-au-Prince and the political opposition.
"Haitian politicians have the unfortunate tendency to work only in the present," Haitian historian Pierre Buteau told AFP.
"Men and women in politics are only interested in the fight to gain power."
Haitian leaders' reluctance to speak out about the country having to pay France back after it gained independence also partly stems from a pattern of Western intervention in Haiti in the recent past.
In 2003, then president Jean-Bertrand Aristide made the debt issue a rallying cry, and estimated that France took in more than $21 billion from Haiti.
But, facing a military insurrection and a popular revolt alleging human rights violations, Aristide was overthrown in 2004, under strong pressure from the United States, France and Canada.
Questioned nearly 20 years later by The New York Times, the French ambassador at the time, Thierry Burkard, admitted that Aristide's removal was "probably a bit about" his call for reparations from France.
When it declared independence in 1804, Haiti became the world's first black-ruled republic and an outcast in an era dominated by countries that engaged in slavery.
It had to pay France for the freedom of its citizens who had been slaves -- and was pitched into impossibly heavy repayments, rapid defaults and toxic loans from France.
"The way in which over the course of 150 years Haiti had to pay France for having wanted to be free... compromised Haiti's very insertion on the international scene," French economist Thomas Piketty said in 2019 as he promoted his book "Capital and Ideology" in which he tackled how Haiti incurred colossal debt.
- 'Shine a light on this past' -
The payments to France not only denied Haiti critically needed resources -- they also helped build up France itself.
The Times showed that in the late 19th century a bank called CIC repatriated money from the new Haitian national bank that came from loans that were supposed to help Haiti pay off its debt.
The money in turn helped Parisian banks to finance the construction of the Eiffel Tower.
The current parent company of CIC, Credit Mutuel, released a statement Monday in response to the Times investigation.
"As it is important to clarify all the components of the history of colonization, including in the 1870s, the bank will finance independent university research to shine a light on this past," Credit Mutuel said.
Reaction to the New York Times investigation was mixed, with some experts and academics accusing it of downplaying Aristide's crimes to emphasize the narrative that he was ousted for seeking for reparations from France.
US former diplomat Patrick Gaspard, whose parents were from Haiti, said it was "an inexplicable whitewashing on the internal violence and corruption in the Aristide era that can't just be explained away by pointing to France and the US."
In its articles, the Times also showed that Haiti's gold reserves were raided by American soldiers at the start of the 20th century.
"In the drowsy hours of a December afternoon, eight American Marines strolled into the headquarters of Haiti’s national bank and walked out with $500,000 in gold, packed in wooden boxes," the Times wrote.
This was prior to a full scale US invasion of Haiti by the US army, which occupied the country from 1915 to 1934.
The US retained direct control over Haiti's finances for more than a decade after US troops went back home.
Haiti today is mired by grinding poverty, murderous gangs who control large parts of the capital, and political chaos that included the assassination of the president last year.
J.Horn--BTB