Economy

IDB to Fund Expansion of Critical Industrial Park in Haiti – Nearshore Americas


The Inter-American Development Bank (IDB) has agreed to lend Haiti $55 million to help it stimulate economy and create more jobs, particularly for people in the northern parts of the country.Much of the money will be spent for expanding the Caracol Industrial Park, a key infrastructure project designed to boost Haiti’s ability in manufacturing and exporting of services. Companies operating out of the industrial park are expected to generate 6,800 jobs by 2018.“The project will also boost payments into the social security system, rent and services provided by employers and lease-holders, as well as wages paid to workers at the park,” IDB said, urging the local government to decentralize public services and focus on creating jobs. via – Nearshore Americas

Inauguration officielle du Parc Industriel de Caracol 25.

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