(CARICOM Secretariat, Turkeyen, Greater Georgetown,
Guyana) The World Bank has indicated its support for
a special multi-donor fund for the reconstruction of
CARICOM Member State, Haiti.
The fund will ensure that all donors’ resources
are pooled. Such an approach would help to
streamline the assistance to Haiti.
Mr. Robert Zoellick, President of the World Bank,
speaking at a press conference after meeting with
CARICOM Heads of Government in Dominica at the 21st
Intersessional Meeting of the group, said the
financial institution was considering how it could
support CARICOM’s role in providing assistance to
Haiti. He noted that among the ideas which had come
out of Thursday morning’s discussions with CARICOM
Heads of Government was one related to construction
given Haiti’s concerns about shelter.
Haiti was hit by a catastrophic earthquake on 12
January that devastated the capital, Port-au-Prince,
leaving more than 200 000 dead and more than a
Prior to meeting Thursday morning with Mr.
Zoellick, Heads of Government of CARICOM had said
they were interested in a development fund for Haiti
that would ensure there was better and more
efficient access to the funds. Heads of Government
also wanted ensure that the government and people of
Haiti remained at the helm of the country’s
Mr. Zoellick told a press conference Thursday
afternoon that he had discussions with His
Excellency Rene Preval, President of Haiti on
Tuesday on how the World Bank Group could best
support that country in the immediate future. Mr.
Zoellick said the World Bank had provided an
additional $100M in grants in response to the
earthquake, while its private sector arm, the
International Finance Corporation (IFC) had also
made an additional $35M investment to help boost
jobs. He added that the World Bank also joined other
donors in 2009 granting Haiti $1.2B in debt relief
through the Heavily Indebted Poor Countries
initiative and the Multilateral Debt Relief