INDUSTRIAL CREDIT

closed

The Industrial Credit Project will support the industrial development of Haiti by making medium- and long-term credit available to the industrial sector through Industrial Development Fund (FDI) established within Bank of the Republic of Haiti (BRH) to provide a rediscounting and guarantee mechanism for participating financial intermediaries. The project also includes a technical assistance component to help develop medium- and small-scale industry and to assist the institutional development of BRH, FDI and the Office of Industrial Promotion (ONAPI). Through the provision of medium- and long-term funds and technical assistance, the project would help expand the industrial sector and contribute to improving its efficiency. The project will directly create about 2,000 jobs, and, through its built-in incentives, stimulate the financing of small- and medium-scale industry, which, thus far, has had no access to medium- and long-term credit.