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Haiti - Economy : Signature of a 3 million euro agreement for micro-financing 23/05/2017 09:44:36 The loan was signed under the Caribbean and Pacific Impact Financing Facility (MFICP), a € 40 million lending facility that supports microfinance markets in African countries, Caribbean and Pacific countries to reduce poverty. With this loan, ACME will be able to expand its customer base, focusing primarily on the needs of micro-borrowers affected by Hurricane Matthew. "The EIB's increased support to microfinance institutions in the Caribbean region demonstrates our commitment to helping the most vulnerable people access financial services to provide better opportunities for the people of urban and rural areas. Private sector development is key to rebuilding communities after natural disasters and today's loan agreement will be part of the reconstruction project in Haiti [...]" declared EIB Vice President, Van Ballekom at the conclusion of the signing ceremony. Let's recall that ACME and the EIB are working together since the signing of a first loan of EUR 3 million in 2011 to help Haiti recover from the 2010 earthquake. Sinior Raymond, CEO of ACME, stressed "6 years later, in the post-Matthew ontext, this new EIB loan will enable ACME not only to continue to better fulfill its mission but also to contribute to the relaunch of the economic activity in the most affected regions." HL/ HaitiLibre
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