World Bank Support for Haiti’s Recovery Alexandre Abrantes Special Envoy to Haiti January 2011.

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Presentation transcript:

World Bank Support for Haiti’s Recovery Alexandre Abrantes Special Envoy to Haiti January 2011

Outline 1.WBG Response 2.Portfolio 3.Private Sector 4.Results 5.New Projects 6.One Year On & Beyond

WBG Response WBG pledged US$479m for US$340m has been delivered in new funding, disbursements, private sector support, and debt relief. WBG Pledge of Support to Haiti NY International Conference on Haiti - March 31, 2010 SupportPledge to end 2011Delivered end 2010 New Funding IDA + Trust Funds US$130US$123 Disbursements New + Existing Projects US$250US$129 Private Sector SupportUS$60US$49 Debt ReliefUS$39 TOTALUS$479US$340

Portfolio 16 projects for US$337 million, of which US$143m have been disbursed for emergency, reconstruction & development Budget support of US$42.5m was provided in 2010 Infrastructure, Community-Driven Development, Education, Transport, Water & Sanitation, Energy, Agriculture, Economic Governance

Education for All

Private Sector IFC: 5 new projects for US$49.6m ; 3 projects in garments, hotels, energy and mining for US$15.3m are under implementation Trade finance guarantee, finance of SMEs, and 30MW energy projects were approved prior to the quake Structured the international bidding process for TELECO, which brought a US$100m investment by Vietnam’s Viettel in May 2010

Private Sector Potential: access to US market, absence of protracted ethnic violence, abundance of affordable labor Corporations can offer expertise in remaining gaps, such as housing shortages and vocational training Investment opportunities: tourism, garments, animal husbandry, fruits and tubers, housing, banking, energy Strategic philanthropy: improving social entrepreneurship and building local resilience.

Building Assessment

Results Structural assessment of 400k buildings in Port au Prince Removal of 100k m 3 of debris from drainage canals Provision of 50k solar lanterns to families Food supplements for 200k children under two and health care for pregnant women and infants (WFP, PAHO) Funded 180k children to attend school and fed 80k school children a hot meal every day Six water supply systems, benefitting 37k people in rural Haiti Housed and equipped Ministry of Finance (500 staff) Supported the creation of 5k new jobs and safeguarded 5k existing ones

Canal Clearing

New Projects US$95m Housing Reconstruction Project (IDA + HRF) US$15m Cholera Emergency Project US$11m Line Item Budget Support for Education & Agriculture US$3m to establish a US$35m Partial Risk Guarantee Fund for private operators in Haiti (IDA, IDB, USA, HRF)

Rural Community Development

One Year On At 12 months, evaluation of progress should focus on the emergency response. Reconstruction started mid-2010 but will take several years It takes time everywhere – Aceh (Indonesia), even in the US (Katrina), with well functioning central governments Government capacity to catalyze and coordinate needs to be strengthened

One Year On Some macroeconomic indicators are improving: reserves, inflation, revenue, growth (11% in 2011, 6-8% after) Frameworks for key sectors exist: housing, debris, private sector, health, education IHRC and HRF function: IHRC endorsed US$2b in projects in 2010; HRF received US$256m and allocated US$193m

Rural Community Development

2011 & Beyond

Thank You