On Friday, June 13, 2025, as part of the Brazil-Caribbean Summit, with the participation of the Caribbean Community (CARICOM) nations, the Inter-American Development Bank (IDB) announced new measures to support the region through development and integration.

According to the IDB, the joint efforts of Brazil and CARICOM demonstrate that regional integration works. One of the IDB's most significant initiatives is the creation of a multi-donor fund for the ONE Caribbean program, a platform for collective action focused on climate resilience and disaster risk management, citizen safety, private sector development, and food security. To date, the IDB has launched 11 regional initiatives, in addition to ONE SAFE Caribbean and a coordination mechanism for project preparation.

"The IDB is fully committed to the development of Caribbean countries. Together with leaders from the region and Brazil, the IDB is working to strengthen resilience and security and generate opportunities throughout the region."

IsDB President Ilan Goldfajn announced that his institution is providing Haiti with $283 million in grants for projects such as school meals, hospital renovations, and basic infrastructure. The IDB will also finance projects with the private sector as part of the 2025-2030 Recovery Plan for Haiti, a broad program to promote economic opportunities in areas outside of Port-au-Prince. The IDB is leading the preparation of this plan at the request of Haitian authorities and in close collaboration with the UN, the European Union, and the World Bank.

On the sidelines of the summit, President pro tempore Advisor Fritz Alphonse Jean met with Ilan Goldfajn. A study fund would also be made available to Haiti for the design of a national fiber optic network. On the economic front, lines of credit through IDB Invest are being considered to support the Haitian private sector, based on viable projects.

HL/ HaitiLibre