Posted by hougansydney.com on Tuesday, May 23, 2017 Under: Economy
A delegation from the European Investment Bank (EIB), led by Pim van Ballekom, EIB Vice-President responsible for Caribbean lending, is visiting Haiti following the appointment of the new government to explore Financing for investment projects in that country.
On his first visit to the country, Vice President Pim van Ballekom and his colleagues discussed funding opportunities with the Haitian authorities, including Haiti President Jovenel Moïse, Central Bank Governor Jean Baden Dubois, and ministers Of the government with the objective, in the months to come, of granting loans for projects. The EIB has historically supported critical investments in public and private sector growth in Haiti and throughout the Caribbean region.
During his visit to Haiti, Vice President Pim van Ballekom visited recipients of EIB financing through local financial intermediaries and discussed possibilities for financing new projects in the country. The visit will be followed by a visit to the Turks and Caicos Islands, where the EIB will announce further regional support for climate action projects during the 47th annual meeting of the Board of Governors of the Development Bank Of the Caribbean.
Pim van Ballekom, EIB Vice-President, said: "During my first visit to Haiti, we had fruitful discussions on how we would support projects in the future in the future. Public and private sectors in the country. Given our extensive sectoral experience in support of projects around the world, we are able to bring technical and practical expertise to Haiti and the wider Caribbean region. The first EIB loans to Haiti date back to 1995 and we hope to continue to support projects such as basic infrastructure (eg energy, water, sanitation and transport) Climate action and small business support programs across the country. "
Vincent Degert, Ambassador of the European Union, commented: "One of the strengths of European aid is to target the most vulnerable and marginalized categories of the Haitian population. Under this agreement, women and small entrepreneurs in rural areas will be able to benefit from the funds that have so far been lacking, in order to be able to recapitalize and, in a second stage Scale-up business structures that will enable them to acquire a minimum of financial autonomy and to take care of their families. This approach fits perfectly with our approach to cooperation, which aims to strengthen the resilience of the most vulnerable populations while improving their prospects for the future. '
The EIB is the world's largest multilateral public donor; 10% of its loans are for investments outside the European Union. Its direct shareholders are the 28 Member States of the European Union.
The EIB has already invested 126.2 billion gourdes (EUR 1.6 billion) in the form of loans and equity investments to support development and economic activity in the Caribbean. In Haiti, the EIB has allocated a total of 1.2 billion gourdes (16 million euros) to four projects related to private sector development (SMEs).
The EIB has also granted non-repayable aid of 45 million gourdes (600 000 EUR) in support of the modular nursing hospital Nap Kenbe ("stay healthy" in Creole) in Tabarre in the borough of Port- Au-Prince, the Haitian capital after the earthquake in 2010. Last year, after the devastating hurricane Matthew, the most powerful storm in the Caribbean for ten years, the EIB Institute, the EIB Group and the EIB They donated 19 million gourdes (250,000 EUR) to six charities working to ensure the reconstruction of Haiti.
In : Economy