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Haiti - Reconstruction : The MIF will manage the unfinished programs of Clinton Bush Haiti Fund
22/12/2012 11:05:49

Haiti - Reconstruction : The MIF will manage the unfinished programs of Clinton Bush Haiti Fund
On December 31, 2012, the Clinton Bush Haiti Fund, will cease its formal operations. Going forward, the Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank Group (IDB), will manage programs that have not yet been fully completed, and will receive funds from remaining loans, these loan repayments will be reinvested into programs consistent with the Fund’s mission to promote economic opportunity in Haiti.

The Clinton Bush Haiti Fund selected the MIF to assume responsibility for its remaining portfolio because of the MIF’s focus on private sector-led development benefiting poor and excluded populations, and its successful track record with innovative development projects in Haiti and throughout the Latin American and Caribbean region. The MIF has been active in Haiti for almost two decades, and has greatly increased its work over the last three years, tripling its project portfolio since the 2010 earthquake.

The MIF reaches some of the poorest in Haiti; 75% of its projects are outside Port-au-Prince. MIF projects have helped build Haiti’s microfinance sector, reduced the cost of remittance transfers, helped small farmers raise their incomes, and expanded access to renewable energy technology in rural areas. At the present time, the MIF is testing new forms of small and medium enterprise finance and investment. A number of the MIF’s projects in Haiti have been co-financed with the Clinton Bush Haiti Fund.

Nancy Lee, MIF General Manager declared "We are honored to have the trust and support of the Clinton Bush Haiti Fund. We share a common vision and approach to empowering Haiti’s people through access to finance, to markets and skills, and to basic services and green growth. We welcome this chance both to increase our presence in the country and to work with new partners."

Gary Edson, Clinton Bush Haiti Fund CEO, commented "We appreciate the MIF’s leadership as they step in to manage our programs and investments. We have a high degree of confidence in the strong teams they have both here and on the ground in Haiti, having worked closely on several projects, including YouthBuild, which is providing vocational training in construction for 5,300 at-risk youth in partnership with the Haitian NGO, IDEJEN. Now it is time to bear witness as our projects mature and prepare Haitians to chart their own course."

The Clinton Bush Haiti Fund’s Final Grants

The Fund committed $403,656 to Inveneo to complete the Haiti Connected Cities project, which is bringing broadband connectivity to underserved regions throughout Haiti. In December 2010, the Fund made a grant to Inveneo to launch the project. With this grant, Inveneo will deploy the network in a sixth and final region, increasing broadband wireless access for businesses, schools, and individuals in the municipality of Jéremié. It will also help Inveneo transition the network to Haitian ownership.

Family Health Ministries
The Fund also committed a $731,130 grant to Family Health Ministries to support screenings for cervical cancer prevention. Through the program, Family Health Ministries will screen an additional 10,000 women for the human papillomavirus (HPV), the primary cause of the highly preventable disease. With approximately 35% of women in Haiti infected with HPV, the grant is expected to save more than 600 lives and create 30 jobs.

The World We Want Foundation (Stockholm, Sweden) for the Caribbean Harvest Foundation
The Fund made a $250,000 grant to support the Caribbean Harvest Foundation as it constructs and equips a fish processing plant in Croix-des-Bouquets. Caribbean Harvest will sell the fish to local hotels, restaurants, and shops while employing 60 Haitian workers and benefiting more than 350 fish farming families in rural Haiti.

The Fund made a $434,375 grant to Instituto Dominicano de Desarrollo Integral, a Dominican nonprofit organization, to establish permanent kitchen facilities for enterprising cooks at the Compagnie de Développement Industriel (CODEVI) industrial park in the northeast Haitian town of Ouanaminthe. Cooks currently operate in make-shift, unsanitary stalls outside the park. Fifty new individual kitchens will provide access to running water, electricity, and new equipment.

The MIF of the IDB is contributing $600,000 to this project to provide technical assistance for the cooks once construction is complete.

Architecture for Humanity
The Fund made a second grant of $370,081 to Architecture for Humanity in continued support of the Haiti Rebuilding Center in Port-au-Prince. This grant will enable Architecture for Humanity to continue training Haitians in the construction sector and increase access to and training in safe, sustainable construction. The Haiti Rebuilding Center is helping Haitians build back safely by providing job-site training, design and engineering services, and professional seminars for Haitian contractors. "

The Clinton Bush Haiti Fund’s remaining commitments will be to the Clinton Foundation’s Haiti initiative and the MIF. The amount of these grants will be finalized by year’s end when the Fund ceases operations.

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