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iciHaiti - Economy : The Caribbean Development Bank will open an office in Haiti
03/03/2018 08:52:45

iciHaiti - Economy : The Caribbean Development Bank will open an office in Haiti
The Barbados-based Caribbean Development Bank (CDB) will establish its first country office in the Republic of Haiti later this year. Minister of Foreign Affairs, Antonio Rodrigue and the Bank’s Vice-President (Operations), Monica La Bennett, signed the Agreement on February 27, 2018 on the sidelines of the 29th Intersessional Meeting of the Conference of Heads of Government of the Caribbean Community in Haiti.

La Bennett said that the signing of the Country Agreement further cements the strong partnership between CDB and the Republic of Haiti. "Last year, CDB, in collaboration with the Government of Haiti, developed a country strategy plan for the period 2017 to 2021, with an indicative resource envelope of USD100 million to help Haiti meet its development priorities https://www.haitilibre.com/en/news-22994-haiti-economy-the-cbd-proposes-a-$100m-program-for-haiti.html . The strategy focuses on three main themes: agriculture and community development, sustainable energy development and education and training. It is this deepening engagement between CDB and the Government of Haiti that has led us to conclude that there is a need for a country office. We expect that this will lead to the development of closer relationships with the Government and the people of this country, enabling CDB to be a more proactive, responsive development partner."

Haiti became a member of CDB in 2007. Since joining the Bank, the country has been allocated grant resources from CDB’s most concessional resource pool, the Special Development Fund (Unified). In 2017, an allocation of USD45 million was approved under the ninth cycle of the Fund. To date, a total of USD133 million has been committed to Haiti. Projects supported included the Education for All Phase II Project; the Technical and Vocational Education and Training Project II; interventions in agriculture and rural development; technical assistance for micro, small and medium enterprise development, and improving the quality of, and access to basic education.

CDB’s ongoing work in Haiti includes projects in education, including technical and vocational education and training; climate resilience; and community-based agriculture and rural development.

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