IDB to fund projects to generate employment
Published:Friday | February 26, 2010 | 1:10 PM
The Inter-American Development Bank (IDB) says it will focus on projects that provide employment for Haitians outside of the capital as the country recovers from the devastating earthquake.
The Multilateral Investment Fund of the IBD has established a US$3 million line of financing to help its executing agency partners reopen for business as soon as possible.
It says it has also developed a shortened set of approval procedures for its projects in Haiti during the next 12 months.
The projects will focus on microfinance, remittances, housing, training for job insertion, and small business productive activities.