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Haiti - Economy : The CBD proposes a $100M program for Haiti
15/12/2017 07:50:17

Haiti - Economy : The CBD proposes a $100M program for Haiti
The Caribbean Development Bank (CDB) is supporting the Government of Haiti in reducing poverty, building resilience, and achieving sustained economic growth for all. A new Country Strategy, approved by CDB’s Board of Directors yesterday Thursday, proposes a programme of assistance of USD100 million for the period 2017 to 2021 to help Haiti meet its development priorities. This total includes USD45 million in grant resources.

"The Government of Haiti has set an ambitious development agenda to unlock the country’s growth potential and build a dynamic, resilient and competitive economy. This Country Strategy, jointly developed with the Government, is designed to deliver strong development impact, particularly in agriculture, education and training, and sustainable energy," said Dr. Justin Ram, Director of the Economic Affairs Department of the CBD

The five-year Strategy focuses on three main themes.

Agriculture and community development :
Investing in agricultural production, marketing infrastructure and services, and the development of agriculture and rural enterprises, while involving local communities.

Sustainable energy development :
In collaboration with partners, increasing the use of sustainable energy options through the installation of: pilot micro or mini community electricity grids supplied by wind and solar sources; community solar energy stations to provide lighting, water pumping and power; and solar-powered street lighting to improve security for citizens.

Education and training :
Improving the quality of, and access to, education and training through infrastructure, teacher and leadership training, and tuition waivers. Investing in the transformation of the public management system through a programme of institutional strengthening and, further, supporting skills training for entrepreneurs and employees of micro, small and medium enterprises (MSMEs).

Gender equality, regional cooperation and integration, and environmental sustainability considerations will be mainstreamed across all CDB interventions delivered under the programme of assistance.

CDB consulted with Government officials and stakeholders to ensure the design of the Country Strategy aligns with the strategic development priorities of Haiti, promotes coordination among development partners and donors, and identifies opportunities for collaboration among them.

The Country Strategy is aligned with CDB’s strategic objectives of supporting inclusive and sustainable growth and development, and promoting good governance. The Strategy was crafted within a results management framework that will be the principal tool used to monitor implementation and the achievement of results.

Let's recall that the CDB’s previous Country Strategy for Haiti was for the period 2013 to 2016. The resource envelope of USD42 million in grants supported the Education for All Phase II Project; the Technical and Vocational Education and Training Project II; interventions in agriculture and rural development; the payment of Haiti’s premiums for coverage under CCRIF SPC; environmental projects; and technical assistance for Micro Small and Medium Enterprises (MSME) development.

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