Rebuilding the Haitian economy will require massive international investment, along with local ownership of the policy and reform agendas to ensure the revival of State capacities. Given the scale of destruction, and Haiti’s precarious financial position even before the earthquake, international support for reconstruction must begin with a moratorium on debt servicing, followed quickly by its cancellation, UNCTAD argues in this policy brief. Without such action – and without development assistance in the form of grants, and not loans – a new debt crisis is all but assured.