Haiti Economy : Donation of 75 million from the World Bank for job creation in Haiti - HaitiLibre.com : Haiti news 7/7
Click to download the official draft of the new Constitution (September 2021)

iciHaiti - Bahamas : 88 Haitian boat-people intercepted near «Great Inagua»

iciHaiti - JUSTICE : New burglary at the Court of First Instance of PAP

iciHaiti - NOTICE : Lifting of bans on gatherings in sports and socio-educational centers in the country

iciHaiti - Basketball : Donation of James Harden, Brooklyn Nets star to the children of Haiti

iciHaiti - Nippes : 50 young people pass the written admission tests in the PNH

more news

Haiti - News : Zapping...

Haiti - Diaspora Covid-19 : Daily Bulletin #677

Haiti - Politic : «There will not be a new President on February 7, 2022» dixit PM Henry

Haiti - FLASH : More than 54 victims, 834 families affected and significant material damage (latest Provisional assessment)

Haiti - FLASH : Former Senator J-C Moïse expelled from the United States

more news

Haiti Economy : Donation of 75 million from the World Bank for job creation in Haiti
30/10/2021 10:51:29

Haiti Economy : Donation of 75 million from the World Bank for job creation in Haiti
Michel Patrick Boivert Minister of Economy and Finance and Laurent Msellati, Head of World Bank Operations in Haiti signed a Financing Agreement relating to a Private Sector Employment and Economic Transformation Project (PSJET) financed by a grant approved by the World Bank to the tune of US $75 million from the International Development Association (IDA) over a period of 6 years.

"“The grant will help to spur growth in Haiti’s private sector, with an emphasis on firms owned by women. The main aim of the initiative is to create jobs by enhancing MSME’s access to finance and business development services. Encouraging growth in these Haitian small enterprises is essential to helping the country reduce poverty, stem violence and create a more positive future for the Haitian people," said Laurent Msellati, Manager of World Bank operations in Haiti.

In recent years, the private sector has been affected by successive socio-political crises. The COVID-19 pandemic and the August 2021 earthquake exacerbated the already difficult business environment. The Private Sector Jobs and Economic Transformation Project will improve the capacity of viable micro, small and medium sized enterprises to grow, contribute to economic diversification and strengthen the economy’s resilience to climate change and natural hazard shocks.

"By focusing on private sector employment and economic transformation, the project is part of the post-COVID-19 economic recovery plan which aims to give a strong incentive to growth and the creation of jobs", said Michel Patrick Boisvert, Haiti’s Minister of the Economy and Finance. "At the start of the project, special attention will be paid to micro, small and medium enterprises, in the areas affected by the earthquake, in order to enable them to benefit from improved access to finance and support services."

The project will also support the resilience and growth of value chains through improved business development services and greater access to financial resources.

HL/ HaitiLibre

Twitter Facebook Rss
Send news to... Daily news...

Why HaitiLibre ? | Contact us | Français
Copyright © 2010 - 2022