Creation of an innovation and entrepreneurship ecosystem in Northern Haiti (IADB-HA-L1127)

  • Haiti
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Mar 29, 2017
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Ministry of Economy and Finance
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Jun 22, 2017

Disclosed by Bank Aug 9, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
This project will support the formation of an ecosystem of innovation and entrepreneurship in Northern Haiti under a scheme IEDA : Learn- Interact - Execute . The specific objectives will be to: (i) develop entrepreneurial capacity; (ii) facilitate access to finance for entrepreneurs; and (iii) develop networks and build capacity in the public sector regarding entrepreneurship. The strategy of this project is to strengthen each one of the phases of the development of the entrepreneurial ecosystem in a sequential manner, utilizing a “bottom up” and phased approach. These phases are: (i) development of competencies and abilities for entrepreneurship and generate a culture of entrepreneurship; (ii) once a group of entrepreneurs has been trained, key entrepreneurs that present viable ideas will be supported in setting up and initiating their ventures; (iii) entrepreneurs that are initiating new ventures will be supported with networks; and (iv) entrepreneurs with viable ventures will be supported in accessing additional funds for scaling up. These phases will be complemented with the design and implementation of government policies to foster the sustainability of the intervention. This program is envisioned as an experiment, under which a new model for fostering economic growth will be tested with the potential to being scaled up in further operations.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
This investment would be a US$5 million grant. The project is designed to be complementary with other programs in Haiti, including the Productive Infrastructure Series, the Northern Economic Pole Business Accelerator Program, and the Private Sector Development through Investment Promotion. In addition, the operation will complement the activities carried out by Compete Caribbean.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
ACCOUNTABILITY MECHANISM OF IADB The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to You can learn more about the MICI and how to file a complaint at,1752.html (in English) or,1752.html (Spanish).

How it works

How it works