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Haiti - Politic : The Government seeks additional financial support from the World Bank
01/12/2023 09:33:33

Haiti - Politic : The Government seeks additional financial support from the World Bank
The Haitian Government presented this week to development partners, Haiti's Eligibility Note for the Prevention and Resilience Allocation (PRA) of the World Bank.

This Note will subsequently be presented to the Board of the World Bank with a view to allowing Haiti to access additional financing from the International Development Association (IDA) intended for countries in situations of Fragility, Conflict and Violence (FCV).

This document, which was developed on the basis of existing strategies, policies and programs of the Haitian Government, represents important commitments of the Government through an action plan intended to help the country gradually emerge from the state of chronic fragility which hinders its socio-economic development. If eligible, Haiti could receive additional financial support estimated at approximately 75% of the IDA allocation for the country over a period of three years.

"The continued support of our development partners, particularly the World Bank, during these recent years of intense fragility, has been decisive in maintaining economic stability, preserving certain development gains and mitigating the impacts of successive shocks on the Haitian population," declared Michel Patrick Boisvert, Minister of Economy and Finance.

The action plan is structured around three strategic objectives which are essential in the current socio-political and security context to strengthen the resilience of institutions and Haitian society in the face of shocks linked to insecurity, violence and natural disasters. At the same time, it constitutes a road map for a possible exit from the multi-dimensional crisis that the country is experiencing, towards a restoration of security and a return to political stability.

"The additional resources from the Prevention and Resilience Allocation would be intended in particular to finance development measures following the deployment of the Multinational Security Support Mission," said Laurent Msellati, Head of Operations of the Bank. World in Haiti. "Provided that Haiti is declared eligible, the priority sectors at the request of the Government could be the rehabilitation of resilient road corridors; strengthening prevention, preparation and response to natural disasters; and support for the education sector."

Through this action plan, the Haitian Government is committed to promoting peace, security and justice through the peaceful resolution of the crisis and an inclusive transition, the restoration of security and public order. The second objective is to strengthen good governance and the effectiveness of institutions by preserving and consolidating advances in governance and institutional capacities in key sectors including the social protection system and disaster risk management, as well as the improving economic governance through the promotion of macroeconomic stability.

Finally, the Haitian Government intends to strengthen social and community resilience, and reduce vulnerability to shocks, by strengthening food security and sovereignty, social protection and risk and disaster management. Actions aimed at strengthening human capital through better access to basic services and infrastructure have been identified with a view to promoting the recovery of populations in areas affected by the current crisis, including the improvement of community infrastructure and creating opportunities and livelihoods for at-risk youth.

HL/ HaitiLibre

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