On March 4, 2025, the World Bank Group’s Board of Directors endorsed a new strategic partnership framework for Haiti, committing approximately $320 million in grant financing over the period from 2025 to 2029. This initiative is designed to enhance the resilience of Haiti’s most vulnerable populations by strengthening economic governance, creating employment opportunities, maintaining essential institutional capacities for basic service delivery, and preserving human capital to increase resilience to natural disasters and shocks.
Key Objectives of the New Strategy
Economic Governance and Employment: The strategy is focused on improving economic governance and creating jobs to stimulate economic growth and promote sustainable development.
Institutional Capacity: It seeks to maintain critical institutional capacities necessary for delivering basic services, which are crucial in a context of fragility and conflict.
Human Capital Preservation: Preserving human capital is essential to enhance resilience against natural disasters and economic shocks.
Private Sector Support: The International Finance Corporation (IFC) will endeavor to emphasize inclusion, economic growth, productivity, and sustainability to support the private sector in job creation and competitiveness.
Context and ChallengesHaiti is facing significant challenges, including political instability, gang violence, and governance failures, which exacerbate its economic and social crises. The World Bank’s support is crucial in helping Haiti stabilize and break the cycle of fragility and conflict.
Additional Support
In addition to the $320 million grant, the World Bank also approved a $60 million grant for the Haiti Strengthening Public Financial Management Project. This project aims to enhance government capacity and transparency in public revenue mobilization and financial management, further supporting economic governance and job creation.
This new strategy reflects the World Bank’s commitment to supporting Haiti during a particularly challenging period, emphasizing a flexible and adaptive approach to address the country’s complex development challenges.