Haiti - Politics : New grants of $155M from the World Bank

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Haiti - Politics : New grants of $155M from the World Bank
13/07/2017 10:20:50

On Wednesday, Jude Alix, the Minister of Economy and Finance, signed five new World Bank grants to the Republic of Haiti for a total amount of nearly US $155 million, to improve the living conditions of the inhabitants of Cap-Haitien and the communities affected by the passage of Matthew in the departments of the South, in October 2016.

"This funding will help sustainably strengthen the country's resilience to climate shocks and support post-Hurricane Matthew reconstruction efforts," said Raju Singh, World Bank's Director of Operations, adding, "The World Bank Is committed alongside the Haitian population to better deal with natural disasters."

The five agreements signed relate to :
A funding of nearly $ 55 million for a municipal development and urban resilience project in Cap-Haitien to improve municipal services and reduce flooding risks in the short and medium term. This project is funded by the International Development Association (IDA) for $48 million and a grant from the Climate Investment Fund (CIF) for $7 million;

Four additional funds totaling $100 million mobilized by the International Development Association (IDA) crisis response mechanism to support reconstruction after the devastating hurricane Matthew.

These 4 funding aim to :

Rehabilitating roads and bridges in southern Haiti and strengthening disaster preparedness capabilities ;
Restoring the ofer and the quality of health services and boosting efforts to combat cholera ;
Ensure the reliability and resilience of the water supply ;
Supporting agricultural production through subsidies and cash for work in the most affected areas of the country.

With 100 million in grants awarded in June by the World Bank https://www.haitilibre.com/en/news-21238-haiti-post-matthew-additional-$80m-grants-from-the-world-bank.html it is 1/4 billion dollars that the World Bank has granted to Haiti in less than 2 months.

HL/ HaitiLibre