This project aims to improve the daily lives of 3,000 Haitian farmers by allowing them to sell superior quality vetiver roots directly to local distilleries while placing Haiti as the world's leading supplier of vetiver oil. Through a digital solution, the Vertiver Forever project brings together all the actors in the vetiver value chain to optimize its traceability and ensure that a fair remuneration is paid to small Haitian farmers.

Project Detail

Country

Haiti

Project Number

HA-T1268

Approval Date

January 22, 2020

Project Status

Implementation

Project Type

Technical Cooperation

Sector

AGRICULTURE AND RURAL DEVELOPMENT

Subsector

AGRIBUSINESS

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 3,617,486.67

Country Counterpart Financing

USD 1,717,486.67

Original Amount Approved

USD 1,900,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/MB-18552-HA Non-Sovereign Guaranteed USD - United States Dollar MIF-Haiti Fund Nonreimbursable
ATN/ME-17894-HA Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/MB-18552-HA
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Haiti Fund
  • Financial Instrument: Nonreimbursable
Operation Number ATN/ME-17894-HA
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

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 Implementation Phase
https://www.iadb.org/document.cfm?id=EZIDB0000311-1066922794-41
ATNME-17894-HA PSR09733-06302023.pdf
Published Oct. 05, 2023
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https://www.iadb.org/document.cfm?id=EZSHARE-1310959541-3
HA-T1268 - Donors memorandum.pdf
Published Jul. 12, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-1310959541-4
HA-T1268 - Memorando de donantes.pdf
Published Jul. 12, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-1066922794-21
ATNME-17894-HA PSR08529-06302021.pdf
Published Nov. 30, 2022
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https://www.iadb.org/document.cfm?id=EZSHARE-1066922794-27
ATNME-17894-HA PSR09193-06302022.pdf
Published Nov. 30, 2022
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https://www.iadb.org/document.cfm?id=EZIDB0000311-1066922794-33
ATNME-17894-HA PSR09487-12312022.pdf
Published Mar. 07, 2023
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