Michel Patrick Boivert Minister of Economy and Finance and Laurent Msellati, Head of World Bank Operations in Haiti signed a Financing Agreement relating to a Private Sector Employment and Economic Transformation Project (PSJET) financed by a grant approved by the World Bank to the tune of US $75 million from the International Development Association (IDA) over a period of 6 years.
“The grant will help to spur growth in Haiti’s private sector, with an emphasis on firms owned by women.” said Laurent Msellati, Manager of World Bank operations in Haiti.
This sort of financial access will go far in stimulating recovery for many of these businesses still dealing with successive socio-political crises and the August 2021 earthquake exacerbated the already difficult business environment. The Private Sector Jobs and Economic Transformation Project will goal is to help improve the capacity of viable micro, small and medium sized enterprises to grow, contribute to economic diversification and strengthen the economy’s resilience to climate change and natural hazard shocks.
