European Investment Bank (EIB) supporting Haiti projects

European Investment Bank (EIB) To Finance Projects in Haiti


On Monday, May 24, 2017, Pim van Ballekom, the Vice-President of the European Investment Bank (EIB) along with a team of delegation, visited the EIB-funded hospital in Tabarre during a tour aiming the exploration of project opportunities in Haiti. After the 2010 earthquake, EIB provided a grant of €600,000 (HTG 45 million) to build this modular trauma surgery hospital run by Médecins Sans Frontières in Tabarre. The staff of EIB also donated €51,357 for this hospital. In Haiti, EIB has granted a total of €16 million (HTG 1.2 billion) support to SME projects (small and medium-sized enterprises).

On his first visit to the country, Vice President Pim van Ballekom and his team discussed funding opportunities with the Haitian authorities, including Haiti President Jovenel Moïse, Central Bank Governor Jean Baden Dubois, and ministers of the government with the objective of granting loans for future projects.

EIB Vice-President said, on the issues of investment and support in future projects, they have had fruitful discussions with the Haitian authority. EIB is ready to share their vast sectoral experience and necessary technical expertise to the aspiring Haitian entrepreneurs. He also reminded that the first EIB loans to Haiti dates back to 1995 and EIB would continue to support Haiti's basic infrastructural projects (such as energy, water, sanitation and transport), climate action plans and small business support programs across the country.

Vincent Degert, Ambassador of the European Union, commented, "One of the strengths of EIB aid is to target the most vulnerable and marginalized categories of the Haitian population."

There is no doubt that this support will immensely benefit the women and small Haitian entrepreneurs, especially living in the rural areas, with much sought after fundings. They will be provided with some amount of financial autonomy, which in turn will generate enough family support.

The EIB is one of the world's largest multilateral public donors with 28 European Member States. About 10% of their loans have been extended for investments outside the European Union, of which €1.6 billion (HTG 126.2 billion) in the form of loans and equity investments to support development and economic activity in the Caribbean.

Following this visit, Pim van Ballekom visited Turks and Caicos Islands to meet the Board of Governors of the Development Bank of the Caribbean with an agenda on climate action projects.

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