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iciHaiti - Electricity : «We will have to rely on the role of private sector» dixit BM
26/07/2018 09:46:59

iciHaiti - Electricity : «We will have to rely on the role of private sector» dixit BM
The World Bank (WB) is significantly increasing its funding around the world for energy access programs, with a growing focus on mini-grids and off-grid solutions.

To accelerate progress, the World Bank is actively engaged in promoting private investment in energy access projects by supporting the implementation of sound public policies, demonstrating the viability of innovative business models and providing targeted financing to encourage trade finance asserts that "we will have to rely on the role of private sector".

In Haiti, a project supported by the World Bank and the Climate Investment Funds, has set up a funding scheme to provide grants and loans to companies developing mini-grids and off-grid solutions. This project should eventually mobilize $45 million in private resources.

Remember that the number of people living without electricity in the Caribbean is estimated at 9 million, 7 million of whom live in Haiti. In the latest report "The Spectator Index" published in January 2018, Haiti is ranked for the year 2017, as the third worst country in the world out of 137 countries in terms of access to electricity with only 6% of Haitians living in rural areas with access to this energy resource, just behind Nigeria (2nd) and Yemen (at war) https://www.haitilibre.com/en/news-23305-haiti-flash-haiti-3rd-worst-country-in-the-world-in-terms-of-access-to-electricity.html

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