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1. The Paris Club said that it was freezing until May the repayments it is owed on $ 800m.
2. As a result, principal repayments to the Paris Club and multilateral institutions exceeded disbursements by $146 billion in 2005-06, as net private debt flows reached $432 billion.
3. The Paris Club Tuesday urged its members to finish a process that began last year, out of consideration for "the financing needs Haiti will face reconstructing the country."
4. The Paris Club groups government creditors while the London Club groups commercial creditors.
5. The Paris Club also urged countries that do not belong to the group to cancel debt owed to them by Haiti.
6. Any other country with America's problems would need the Paris Club of creditor nations to negotiate with its lenders on its monetary and fiscal policies to protect their interests.
7. The decision was taken by the group known as the Paris Club which issued a statement welcoming Liberia's determination to implement measures to reduce poverty and aid economic growth.
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