Bringing Higher Value Apparel Manufacturing to Haiti
The objective of the Project is to demonstrate the feasibility of introducing an alternative model for apparel manufacturing in Haiti that radically departs from the prevailing paradigm of low-cost production of commodity garments. The Project will (i) train the local workforce to produce higher-end apparel utilizing the latest manufacturing technologies; (ii) adhere to superior social (and environmental) standards: (iii) share economic benefits with employees and host communities; and (iv) seek to produce greater value-added for Haiti.

Project Detail

Country

Haiti

Project Number

HA-L1063

Approval Date

December 6, 2012

Project Status

Closed

Project Type

Loan Operation

Sector

INDUSTRY

Subsector

MANUFACTURING INDUSTRIES

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

PSL (Private Sector Loan)

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 4,580,000.00

Country Counterpart Financing

USD 3,580,000.00

Original Amount Approved

USD 1,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
2883/OC-HA Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
Operation Number 2883/OC-HA
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing