Member's Documents
Evaluation of the Use of the IDB Grant Facility for Haiti's Reconstruction and Development: 2011-2020
Published by: Office of Evaluation and Oversight, Inter-American Development Bank
Following the devastating earthquake that hit Haiti in January 2010, the international community came together with massive financial commitments to support the country's reconstruction and development. Among donors, the IDB stood out for its commitment to give Haiti US$2 billion in grants, distributed in installments of US$200 million a year, initially for 10 years, starting in January 2011. The IDB channeled this grant financing through its Grant Facility (GRF), which had been established in 2007 as a funding mechanism in the context of IDB's debt relief efforts under the Enhanced Heavily Indebted Poor Countries Initiative and the Multilateral Debt Relief Initiative. As such, the GRF is an account, a notional financing window for IDB projects that does not have separate management or governance arrangements. Following an amendment of the rules for transferring funds to the GRF to finance the IDBs program in Haiti in 2016, GRF resources are now available to Haiti until the US$2 billion amount is fully committed.
