March 12, 2018, BRIDGETOWN, Barbados – On Friday March 3, 2018, the Caribbean Development Bank (CDB) and the Government of Haiti launched a project to improve climate resilience and disaster risk management on Ile-à-Vache, an island off the country’s southern peninsula.
The Building Capacity for Disaster Risk Management and Climate Resilience Project is being funded through a CDB grant of USD5.5 million (mn), which includes a contribution of USD 896,000, from resources provided to CDB under the African Caribbean Pacific-European Union-CDB-Natural Disaster Risk Management in CARIFORUM Countries.
The island of Ile-à-Vache has five main villages and a population of approximately15,000, and is particularly vulnerable to the impacts of tropical storms and hurricanes. Speaking at the launch, Monica La Bennett, Vice-President (Operations), CDB, noted that the project has the potential to transform the lives of the people of Ile-à-Vache.
“Recurring floods and storms that affect the island, damage the livelihoods of persons who depend on fishing and agriculture. This project aims to increase the resilience of Ile-à-Vache residents to natural hazards and impacts caused by climate change. This is key to social and economic development, and the systematic reduction of poverty. It is part of broader efforts by the Government of Haiti to make investments that increase the resilience of all the people of Haiti and improve their life chances,” said La Bennett.
Caribbean Development Bank
The Caribbean Development Bank (CDB), is a regional financial institution which was established by an Agreement signed on October 18, 1969, in Kingston, Jamaica, and entered into force on January 26, 1970. The Bank came into existence for the purpose of contributing to the harmonious economic growth and development of the member countries in the Caribbean and promoting economic cooperation and integration among them, having special and urgent regard to the needs of the less developed members of the region (Article 1 of the Agreement establishing CDB). In the Revised Treaty of Chaguaramas, the CDB is recognised as an Associate Institution of CARICOM