FUND OF 50 MILLION EUROS FOR HAITIAN SMEs
(Haiti Libre) -
President Michel Martelly, met yesterday, Monday, January 30, the Ambassador of Spain in Port-au-Prince, Mr. Manuel Hernández Ruigómez and Mr. Edouardo Almeida, the representative of the Inter American Development Bank (IDB) in Haiti to ensure the follow up and planning of the assistance of 50 million euros granted to Haiti by Spain for the benefit of Small and Medium Enterprises (SMEs) in Haiti.
On this occasion, the representative of the IDB informed President Martelly that the process of operationalizing of the credit program for SMEs, originally scheduled for January 2012, will finally take effect at the end of February.
With the implementation of this program, SMEs in Haiti, will be eligible for the general credit system, from local commercial banks, which will manage the fund in conjunction with the IDB.
President Martelly welcomed the conclusion of this important issue, a success of his official visit to Spain last July, when the Spanish Prime Minister José Luis Rodríguez Zapatero, had promised him to create this fund of 50 million euros.