Haiti programs / Haiti project 521-0250 · 1994 · financial sector
Cash transfer of $15 million in Economic Support Funds to augment the U.S. contribution to the multi-donor process to clear the approximately $79 million in arrears to the International Financial Institutions (IMF, World Bank, IDB) that Haiti has accumulated since the September 1991 coup. In addition to this $15 million, the U.S. contribution will include $1.8 million in 1991 ESF held in Haiti's blocked accounts and $8 million in 1993 ESF previously obligated but not disbursed. The funds will be made available upon restoration of the constitutional government in Haiti. The constitutional government will be asked to contribute its own foreign exchange resources to help clear the accumulated arrears, with its contribution to be determined through negotiations. A Haiti Support Group, chaired by the U.S. Treasury, will solicit contributions from bilateral donors to fully clear Haiti's IFI arrears. No local currency will be generated.
Source: DEC abstract, PD-ABL-585 (1994). The source's own text.
Operated in: Haiti.
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Operated in Haiti, 1994 1 source
Scope: country: Haiti. The award code belongs to this country's mission. High confidence.
How sure we are: 0.9.
| Name | Years | Basis | Evidence |
|---|---|---|---|
| USAID. Mission to Haiti | 1994 | Stated in a document | 1 source |
| Name | Years | Basis | Evidence |
|---|---|---|---|
| Haiti | 1994 | Stated in a document | 1 source |
Sector profile (computed): Financial sector (banks, credit, microfinance, markets) 50%; Energy (power, fuels, renewables, efficiency) 20%; Economic opportunity (microenterprise, jobs, skills, poverty reduction) 10%
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Program key prj:5210250