Soon, 22,500 Haitians would finally have access to better living spaces.
The World Bank approved $180 million for Haiti on Thursday (Dec. 1). The money will be allocated for education, housing and infrastructure, and agriculture, which have been severely damaged by the 7.0-magnitude earthquake that hit the country in 2010.
A large bulk of the fund, $70 million, will be used to pay for the tuition of 100,000 children, feed 75,000 youngsters and train 8,280 student-teachers under the agency’s Education for All project. About $60 million will go to disaster risk management and rehabilitation of key infrastructure. The remaining $50 million will help 50,000 small and medium producers to have access to the latest technologies in agriculture, which contributes 25 percent to the country’s GDP and 50 percent to overall employment.
Meanwhile, the Inter-American Development Bank pledged $1 billion for Haiti Wednesday (Nov. 30) that will be delivered over the next five years. This is apart from the $150 million grant it has approved for the country’s education reform program that is also set over a five-year period.
Both assistance plans came after the two-day “Invest in Haiti Forum,” which was attended by former U.S. President Bill Clinton and IDB President Luis Alberto Moreno.
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