World Bank approves $24.5 million in grants for economic governance, road rehabilitation in Haiti
By Jennifer Browning
Two grants approved by the World Bank Board of Directors totalling $24.5 million will go to support Haiti’s economic governance reform agenda and rehabilitation of key roads and bridges.
The first grant for the Third Economic Governance Reform Operation (EGRO III) for $12.5 million seeks to improve the effectiveness, transparency and accountability of public sector institutions by consolidating economic governance reforms and strengthening core institutions.
A second grant approved today provides $12 million of additional funding for the Transport and Territorial Development Project, which will replenish the project for road and bridge reconstruction undertaken following the hurricanes and tropical storms that struck Haiti in 2007 and 2008. The grant will also cover additional costs related to the road rehabilitation works.