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Haiti has become the 12th Caribbean Community (CARICOM) member state to accede to the partnership agreement between and among CARICOM countries and the African Export-Import Bank (Afreximbank).

During a ceremony on 25 September at the Haitian Investment Forum, held on the sidelines of the 79th United Nations General Assembly (UNGA) in New York, the Prime Minister of the Republic of Haiti, Garry Conille, and the President and Chairman of the Board of Directors of Afreximbank, Benedict Oramah, signed the documents formalising Haiti’s accession to the partnership.

With Haiti’s signature, 12 of the 15 CARICOM member states have now acceded to the Partnership Agreement, with nine of them concluding its ratification. The move paves the way for both public and private sector institutions in the country to access the $1.5bn financing limit approved by Afreximbank’s Board to support projects and trade-related transactions in the region. This limit is set to double once all the CARICOM member states join the partnership agreement.

At the event, Afreximbank announced plans to institute a $250 million facility to support the rebuilding of the Haitian economy.

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