Caribbean Development Bank

Published purpose

This contribution represents a payment by Canada, on behalf of Haiti, to pay Haiti’s share of institutional support to the Special Development Fund (SDF) for the period of 2009 to 2013. By paying Haiti’s contribution to the SDF, Canada enables Haiti to access resources from the SDF for poverty reduction. The SDF is part of the Caribbean Development Bank (CDB), a multilateral development financial institution based in Barbados. The SDF provides low-interest loans and grants to the poorest and most vulnerable countries. Canada is one of the largest non-borrowing shareholders of the CDB and one of the largest contributors to the SDF. The CDB uses these funds, along with those of other donors, to work towards the systematic reduction of poverty in its borrowing member countries through social and economic development in the Caribbean, including community-driven development and environmental sustainability and regional integration activities.