World Bank Supports Road Connectivity and Transparency in Haiti

Stocks and Financial Services Press Releases Friday June 1, 2018 09:22
WASHINGTON--1 Jun--World Bank
World Bank approved today a total of US$90 million for two projects

WASHINGTON, May 31, 2018 – More than 350,000 people in rural Haiti will benefit from improved access to all weather roads, local markets and health centers in the South, South East and Nippes departments as a result of a new US$ 75 million grant from the International Development Association (IDA)* approved today by the Board of Executive Directors of the World Bank.

About 61 percent of the population was living further than 2km from an all-weather road in 2015 and most rural roads remain in very poor condition and barely passable. To develop the road network and achieve intercity connectivity by 2021, the government has set an ambitious target to build 4000 km of roads.

The Haiti Rural Accessibility and Resilience project will rehabilitate critical segments of the rural road network, improving road conditions and road safety in these areas. This will particularly benefit vulnerable communities, including women traders who travel extensively for the livelihoods of their families.

The second project Improving Haiti's Public Financial Management and Statistical Information focuses on strengthening Haiti's capacity to produce, disseminate, and use more accurate and timely budgetary and financial data. Financed by an IDA grant of US$15 million, it will help improve budget management and oversight by putting in place an Integrated Financial Information Management System, strengthening public financial management institutions such as the Court of Accounts, the Procurement Board, and the Anti-Corruption Agency, and will support citizen engagement in the use of public resources.

"The two grants approved today will make a difference for people in Haiti. Roads are windows of opportunity that transform people's lives as well as the economy. Better budget and accounting systems are key to improve service delivery for all citizens and strengthen transparency and accountability," said Anabela Abreu, World Bank Country Director for Haiti. "These are two important priorities for the government".

The Haiti Rural Accessibility and Resilience project will be implemented by the Ministry of Public Works, Transport and Communications while the Improving Haiti's Public Financial Management and Statistical Information project will be implemented by the Ministry of Economy and Finance over a period of 5 years.

* The World Bank's International Development Association (IDA), helps the world's poorest countries by providing grants and low to zero-interest loans for projects and programs that boost economic growth, reduce poverty, and improve poor people's lives.

Twitter: @WBCaribbean

Latest Press Release

Photo Release: EXIM Thailand Holds FX Risk Management Seminar Phase 2 To Promote FX Risk Hedging Tools for SME Exporters in the Northeast

Mr. Chana Boonyachai (center), Executive Vice President of Export-Import Bank of Thailand (EXIM Thailand), recently welcomed Mrs. Thatsanee Tangpattanasiri (right), Director, Northestern Regional Office, Bank of Thailand (BOT), and Mr. Ranon Keowsuddhi...

Frasers Property Thailands Revenue Increased 341% to 2.577 Billion Baht and Net Profit Rose 190% to 684 Million Baht in Q1/2019

Revenue totalled 2.577 billion baht, an increase of 1.993 billion baht or 341% year-on-year, while net profit totalled 684 million baht, a growth of 190% year-on-year. Embarked on a "Total Dimension" strategy to become leading provider of smart...

Photo Release: EXIM Thailand Visits Xayaburi Hydroelectric Power Project

Mr. Nopporn Thepsithar (fifth left), Chairman of the Board of Executive Directors, Export-Import Bank of Thailand (EXIM Thailand) and Dr. Narongchai Akarasanee (center), former Minister of Energy, recently visited Xayaburi Hydroelectric Power Project...

Thailands Promotion of Advanced Technology and Eco-system Development Enables Local Producers to Fly Higher

Thailand has been experiencing a gradual shift from a manufacturing to a high-value manufacturing economy after the country has put all its efforts into promoting the use of advanced technology, science, and innovation in parallel with the development of...

Get 5-Baht Cashback when making payment via K PLUS for BTS tickets until April 30, 2019

To celebrate the latest QR Code payment service via K PLUS for one-way BTS tickets bought from ticket issuing machines at BTS Stations, KBank has teamed up with BTS to offer a cashback of 5 Baht/trip, which will be credited into the passenger's account...

Related Topics