IDB Portfolio in Haiti

The IDB’s portfolio as Haiti’s largest multilateral donor consists of programs for a total of more than $827 million. In 2009, program disbursements will reach $176 million, well over double the 2005 and 2006 levels. Disbursements are expected to continue to increase in the years to come.

In an effort to help Haiti recover from the 2010 earthquake and restore the path to sustained economic growth, in 2009 the Bank provided unparalleled financial and technical assistance

• The IDB approved ten major operations in 2010 for a total of $251 million from the Grant Facility, including $50 million in budget support already disbursed during the year. These high priority operations are aligned with the Haiti's National Reconstruction and Development Plan.
   

Technical Cooperation

In 2010 the IDB maximized the use of technical cooperation to support the operational program in Haiti. More than $4.5 million from IDB resources and different trust funds managed by the Bank brought the total size of the active technical cooperation portfolio to almost $23 million.

Private Sector

MIF.  IDB Group support to the private sector continued through the Multilateral Investment Fund, focusing on the productive sector and promoting entrepreneurship. MIF approvals for 2010 reached $2 million.

Co-financing

Following up on the March 2010 Donors Conference, co-financing resources were actively pursued in the sectors led by the IDB. In 2010 the Bank obtained a further $17 million in disbursements from the Canadian government, the EU and OPEC through IDB-run projects. Co-financing agreements include:

€8.5 million from the European Union for vocational training and rural supply chains, $23 million from OFID for infrastructure, $70 million from Spain for water and sanitation, and $3.5 million from the Global Environmental Facility for watershed management. The IDB already administers or facilitates the co-financing of over $202 million from Canada, the European Union, OFID and the Caribbean Development Bank.

Looking ahead, IDB support to Haiti will continue to focus on priority areas that have been identified with country authorities: transportation and basic infrastructure, private sector development, water and sanitation, agriculture, energy, and education reform.

The IDB also reaffirmed its commitment to strengthen collaboration among donors and other cooperation partners.