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| It said the project is expected to help the government of Haiti enhance basic social infrastructure such as potable water supply, community roads and markets, and services such as health and education to the residents, as well as improve the residents' income-generating opportunities. | |
PORT-AU-PRINCE, Haiti, July 31, 2008 - Residents of disadvantaged urban areas of Haiti are to benefit from US$4 million in grant financing from the Caribbean Development Bank (CDB) for a community-driven urban development project.
The grant will provide resources to community-based organisations operating in these urban areas to design and implement sub-projects, the CDB said.
It said the project is expected to help the government of Haiti enhance basic social infrastructure such as potable water supply, community roads and markets, and services such as health and education to the residents, as well as improve the residents' income-generating opportunities.
Approximately 2,000 jobs are to be created during implementation of the sub-projects, with 650,000 persons expected to benefit directly and indirectly during operations of the sub-projects, based on improved access to services and income-generating activities.
"The project seeks to improve the capacity of these community-based organisations in participatory development, accounting and financial management, and governance systems. It is an integral part of efforts by the Haitian government to restore security, maintain political stability and foster sustainable development," the CDB said.
The bank will also contribute US$398,440 to a management development programme targeting owners of small and medium-sized businesses (SMEs) in Haiti. The 'Business Edge' programme consists of a set of management training services and products which focus on many of the functional and operational deficiencies in SMEs.
CDB is partnering with the World Bank Group's International Finance Corporation in this project.
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