The International Fund for Agricultural Development has announced a new assistance package for Haiti and the Dominican Republic.
The new grants and loans aim to generate employment opportunities and ensure food security in Haiti, and facilitate long-term rural development in neighboring Dominican Republic, according to an IFAD press release.
IFAD is reviewing its strategy for Haiti in the next five years. It mulls issuing a debt relief package for the quake-hit country.
IFAD’s renewed commitment to the Dominican Republic comprises new loans amounting to USD28 million. The loans will finance the Development Project for Rural Poor Economic Organizations of the Border Region and the Rural Economic Development Project in the Central and Eastern Provinces.
IFAD President Kanayo F. Nwanze highlighted the importance of meeting the needs of the two Caribbean countries.
“We can’t provide sustainable solutions for Haiti without also addressing the needs of her neighbor with a comprehensive approach,” he said.
Nwanze will visit the Dominican Republic and Haiti next week to meet with key officials.