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                             REPUBLIC OF HAITI: INTERIM STRATEGY NOTE

                                                      CHAIR’S SUMMING UP

                                               Meeting of the Executive Directors

                                                           September 27, 2012


           The Board of Executive Directors discussed the joint IDA/IFC Interim Strategy Note for the
Republic of Haiti for FY13-14 and welcomed the continuation of existing objectives and outcomes from
ISN1 (IDA/R2012-0232 [IFC/R2012-0301]).

           Directors commended the Haitian authorities for the achievements made towards economic
recovery and improvement of the fiscal and external position, in spite of the numerous challenges the
country still faces. In this regard, they recognized the efforts made to accelerate reconstruction and build
capacity to move from a state of emergency to longer term development. Directors welcomed the Bank’s
support to the Government’s efforts to reduce poverty and inequality and promote sustainable
development. They acknowledged the fragile situation in the country and highlighted the associated risks
but noted the mitigation measures. Directors encouraged authorities to continue deepening the
partnerships with the international community in order to pursue reforms, implement sound
reconstruction policies, aid skills development and accelerate governance improvements.

           Directors expressed broad support for the Strategy and its alignment with Haiti’s post-earthquake
Action Plan for National Recovery and Development of 2010 and the 2008-2011Growth and Poverty
Reduction and Strategy Paper. Directors noted that the strategy was grounded in recommendations and
lessons from the 2011 WDR Report and underlined their support to management’s approach in providing
strong monitoring and implementation support. Directors also stressed the importance of having a gender
assessment and in this regard called for the mainstreaming of gender considerations in project priorities.

           Directors emphasized the importance of close collaboration with development partners and called
for greater engagement with Authorities to build institutional capacity and to strengthen governance
across all levels of Government. They commended the advances in donor coordination and harmonization
and urged the Bank to continue playing a leading role in this direction. Directors also stressed the
importance of incorporating lessons learned from other regions. Additionally, Directors underscored the
importance of stimulating private sector growth and commended the close collaboration between the
Bank and IFC. They called for greater collaboration with MIGA.

           Finally, Directors looked forward to the development of a full fledged CAS during the last year of
implementation of the ISN.
                                                            
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  This summary is not an approved record.