PORT-AU-PRINCE, Haiti - THE World Bank has given US$20 million to Haiti for cleaning up its public resources and making them more transparent.
The grant will help Haiti improve public financial management, procurement practices and performance of the national electrical company. It will also create a tracking system to monitor budgets and a single treasury account to manage funds.
The grant is the third approved for Haiti by the World Bank since last month. One was for a US$70-million maternal and child health project and the other for a $20-million development and investment project.
Haitian governments have long had a reputation for corruption, and officials have done little to demonstrate transparency.