IDB Sets up USD3M Fund for Haitian Project Partners

The Inter-American Development Bank’s investment arm has approved a USD3 million fund to help Haiti’s public and private sectors get back on their feet after the devastating Jan. 12 quake, the bank said in a Feb. 5 news release. Fomin, the bank’s multilateral investment fund, has also amended its project approval mechanics to shorten project financing procedures within the year. Most Fomin partner agencies are based in Port-au-Prince, ground zero of the deadly 7.0-magnitude quake that killed more than 200,000 people.

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  • Tarra Quismundo

    Tarra Quismundo joined Devex Manila as a staff writer in October 2009 after more than six years of working as a reporter for the Philippine Daily Inquirer, a nationwide daily, for which she covered major breaking news in politics, military, police and international affairs. Tarra's Devex News coverage focuses on key Asian donors and top aid officials around the globe.