The Inter-American Development Bank (IDB) has approved US$65 million of non-reimbursable financing to contribute to the sustainable economic development of northern Haiti by promoting the necessary conditions for the establishment and expansion of companies in the Caracol Industrial Park (CIP).
“The main strategy of the programme is to establish the operational and infrastructure base necessary for the PIC to become a successful industrial park in the Caribbean, attracting investment and becoming self-sustaining,” it said.
The Washington-based financial institution said this new operation will increase its total investment in the CIP to US$263.5 million in fulfilment of the original commitment to finance the infrastructure required for the park to generate 20,000 jobs.
The IDB said the objectives of the financed project are to strengthen the management of the CIP sustainably and to improve the preparation of the workforce by promoting the development of skills according to the needs of the park’s operating companies and fostering a safe and inclusive work environment.
