USAID’s Development Credit Authority (DCA) guarantee program, established by Congress in 1999, unlocks private, local capital to support lending in critical growth sectors. Since 2004, USAID/Haiti has supported the provision of financial products and services to under-served and out-of-reach households and enterprises through DCA partial credit guarantees.
The recently opened Caracol Industrial Park (CIP) is a collaborative effort between the Government of Haiti, the Inter-American Development Bank (IDB), and the U.S. Government, designed to create a center of economic development in Haiti’s underserved North coast. To support this initiative, USAID constructed a 10MW power plant at the Park to supply reliable, plentiful electricity to the complex’s new tenants. Through the Caracol Community Electrification Project (CCEP), implemented by the National Rural Electrical Cooperative Association (NRECA), USAID will extend electric distribution to the residential communities surrounding the industrial complex, which currently lack any connection to the electrical grid.
USAID is financing the construction of 156 housing units at Haut Damier in Haiti’s West Department to support efforts by the Government of Haiti (GOH) to provide affordable housing opportunities for families displaced by the 2010 earthquake and other vulnerable households. The development is one of several new housing settlements for which USAID is partnering with the GOH and other sponsors to promote housing opportunities in proximity to employment as well as social and transportation hubs. The project involves close consultation with stakeholders, including community members, local mayors, GOH housing agencies, and the Office of the President of Haiti.
Last updated: February 12, 2015