Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Haitian groups seek billions in reparations from France

Published 04/18/2024, 12:50 PM
Updated 04/18/2024, 12:56 PM
© Reuters. FILE PHOTO: The United Nations building is pictured in New York City, U.S., February 23, 2023. REUTERS/Mike Segar//File Photo

By Emma Farge and Catarina Demony

GENEVA (Reuters) - France should repay billions of dollars in reparations to Haiti to cover a debt formerly enslaved people were forced to pay in return for recognising the island's independence, a coalition of civil society groups said on Thursday.

The Caribbean island became the first in the region to win its independence in 1804 after a revolt by enslaved people. But in a move that many Haitians blame for two centuries of turmoil, France later imposed harsh reparations for lost income and that debt was only fully repaid in 1947.

The group of around 20 non-governmental organisations currently in Geneva for a U.N. Permanent Forum on People of African Descent (PFPAD) are seeking a new independent commission to oversee the restitution of the debt, which they refer to as a ransom.

They say the money should go to public works in Haiti where a transition council was installed this month in an effort to restore security after a period of devastating violence by armed groups.

"What's important is that it's time that France recognises this and we move forward," Monique Clesca, a Haitian civil society activist who is coordinating the efforts, told Reuters.

The French Foreign Ministry did not immediately respond to a request for comment. France, whose development agency has given hundreds of millions of dollars to Haiti, has previously referred to a "moral debt" owed to Haiti.

The amount paid to France is disputed by historians although the New York Times estimated Haiti's loss at $21 billion. The proposal's backers say the amount is much higher.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

"It's $21 billion plus 200 years of interest that France has enjoyed so we're talking more like $150 billion, $200 billion or more," said Jemima Pierre, professor of Global Race at the University of British Columbia.

Clesca said she hoped the recommendation and others would be part of the U.N. forum's conclusions due Friday. Last year, the PFPAD suggested that a tribunal should be formed to address reparations for slavery.

The campaign for paying reparations or making other amends for slavery has a long history and has been gaining momentum worldwide.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.