Haiti Post-Disaster Partial Credit Guarantee Program Support Project

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The objective of the Post Disaster Partial Credit Guarantee Program Support Project is to support the development of a partial credit guarantee program by the recipient to help (i) financial institutions restart lending, and (ii) financial sector borrowers overcome the impact of the emergency in Haiti. The Project has two components. The first component of the Project will support the provision of partial credit guarantees to participating financial institutions to mitigate their credit risks on (i) small loans to eligible borrowers, and (ii) micro, small and medium enterprises (MSMEs) and housing loans through support to the operation of a Partial Credit Guarantee Fund (PCGF) to be established by the recipient in a manner satisfactory to the Association, subject to the pertinent provisions in Section IV.B. of Schedule 2 to the Financing Agreement. The second component, the financial sector technical assistance, will provide support to the design and implementation of measures to remove obstacles to credit growth.