Implementation Completion Report - Industrial Restructuring and Development Project
- The project had limited influence on restructuring and financing of private enterprises.
- Privatization of two industrial public enterprises was completed, but privatization of three utilities stopped short of issuing bidding documents.
- The institutional impact of the project is considered negligible over the longer run.
- Political events and uncertainty in Haiti strongly affected the project.
- The government never addressed some of the deep-rooted obstacles that negatively affected the credit line component.
The Industrial Restructuring and Development Project in Haiti, funded by the World Bank, aimed to assist in financing productive facilities, support private sector adjustments, assist in trade policy reform, strengthen financial institutions, and improve the regulatory framework. The project was significantly impacted by a military coup in 1991 and a subsequent economic embargo, which suspended donor aid for over three years. The project was restructured in 1997 to focus on privatization of state-owned enterprises and regulatory reform, shifting from its original focus on private enterprise restructuring. While some progress was made in privatizing industrial firms, the overall impact was limited due to political instability, lack of government commitment, and an incomplete regulatory framework.
How to cite
World Bank, 2000, Implementation Completion Report - Industrial Restructuring and Development Project, accessed via HaitiDocs, https://www.haitidocs.org/doc/wb-2000-implementation-completion