Interviews
IFC supports SAE-A garment manufacturing operation
21 Sep '10
4 min read
To help Haiti recover from the January 12 earthquake, the World Bank Group has pledged US$479 million by mid-2011, including relieving Haiti's debt to the World Bank, which has been completed.
As of today, the World Bank has delivered over half of this support: US$91 million are available to Government in the form of new projects, over US$106 million have been disbursed, of which 40% is in the form of budget support. The remaining 60% has been spent on community reconstruction, transitional offices and equipment for the Ministry of Finance, repairing damaged bridges and roads, draining canals, paying tuition fees for school children and providing them with meals, strengthening Haiti's resilience to disasters, and figuring out how to better manage and recycle debris.
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries. We create opportunity for people to escape poverty and improve their lives.
As of today, the World Bank has delivered over half of this support: US$91 million are available to Government in the form of new projects, over US$106 million have been disbursed, of which 40% is in the form of budget support. The remaining 60% has been spent on community reconstruction, transitional offices and equipment for the Ministry of Finance, repairing damaged bridges and roads, draining canals, paying tuition fees for school children and providing them with meals, strengthening Haiti's resilience to disasters, and figuring out how to better manage and recycle debris.
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries. We create opportunity for people to escape poverty and improve their lives.
IFC, member of World Bank Group
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
