Haiti Business Development and Investment Project
- The project demonstrated that inclusive growth is possible in Haiti, with results exceeding targets for beneficiaries and value addition.
- The project contributed to the strengthening of certain value chains, offering valuable opportunities for investment and export.
- The project supported legal and regulatory reforms to improve the business climate, though progress was stalled by socio-political tensions.
- An innovative approach to value chain development, combining logistics, business development services, and blockchain technology, proved successful.
- The Immediate Response Mechanism (IRM) was not effective in improving the capacity and pace of responding to emergencies.
The Haiti Business Development and Investment Project, supported by the World Bank, sought to assist Haiti in improving conditions for private sector investment and inclusive growth, while also enhancing its capacity to respond promptly and effectively to eligible emergencies. The project focused on business environment reforms, investment generation, and business development services for micro, small, and medium enterprises (MSMEs). Despite facing numerous challenges, including political instability, natural disasters, and procurement delays, the project achieved notable progress in value chain development, supported MSMEs, and contributed to legal and regulatory reforms. The project demonstrated that inclusive growth is possible in Haiti, with significant increases in value addition for small farmers and MSMEs involved in supported value chains.
How to cite
World Bank, 2023, Haiti Business Development and Investment Project, accessed via HaitiDocs, https://www.haitidocs.org/doc/wb-2023-haiti-business