March 28, 2006Haitian president-elect visits IDB
René Préval, president-elect of Haiti, today visited the Inter-American Development Bank headquarters in Washington, D.C., to meet with IDB president Luis Alberto Moreno.
Préval and Moreno discussed the social and economic challenges facing Haiti and reviewed the IDB’s portfolio of loans and grants for the country. Preval welcomed future assistance from the IDB and described his administration’s priorities, which include strengthening Haiti’s state institutions and capacity for good governance, promoting economic growth and employment, and rapidly expanding access to vital services.
Moreno assured the new Haitian president that the IDB will continue to adapt its operations to suit Haiti's unique conditions, particularly through the application of simplified loan and technical assistance administration procedures specially introduced for Haiti. He also said that the IDB Country Office staff will marshal all available resources to expedite project execution and to assist Haitian authorities in improving the government’s capacity to administer foreign assistance.
“This is a watershed moment for Haiti,” Moreno said. “The IDB will do everything in its power to support Haiti’s efforts to meet its citizens’ needs and create new opportunities for employment and growth. We are honored by President Préval’s visit and look forward to working closely with his administration.”
The IDB is Haiti’s principal source of long-term financing. Since its re-engagement in Haiti began in July 2003, the Bank has disbursed US$152 million in loans and grants for projects in transportation, water and sanitation, agriculture, education, health, urban infrastructure rehabilitation, disaster preparedness, job training, community development and public sector reform. As much as US$554 million remains available through the Bank’s existing commitments to Haiti.
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