IDB Chief Urges Patience on Haitian Rehabilitation Efforts

    Projects backed by the Inter-American Development Bank to help rebuild Haiti won’t bear fruit overnight, the lender’s chief, Luis Moreno said, stressing the need for patience, persistence and stability.

    Many of the IDB-supported quake recovery schemes in Haiti cover the infrastructure and public sectors, according to the IDB chief.

    “This is a slow and complex task, prone to setbacks and disappointments, but it is indispensable for Haiti to overcome its dependence on foreign aid,” Moreno said in a statement on the first anniversary of the massive Haitian earthquake.

    The bank is also helping to create more employment opportunities in the Caribbean nation, he added.

    IDB, the U.S. State Department, Haitian authorities and Korean textile manufacturer Sae-A Trading Co. Ltd. have signed a framework agreement to create an industrial park in northern Haiti. The park hopes to attract manufacturers from around the world.

    >> Donors Back Industrial Park in Haiti

    About the author

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      Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.