The Caribbean Development Bank (CDB) has expressed its satisfaction in supporting Haiti’s Banque Nationale de Développement Agricole (BNDA) through a USD 72,163 grant to finalize its new five-year Strategic Plan. This initiative aims to enhance BNDA’s institutional capabilities and expand financial access for stakeholders in the agricultural sector. The plan is designed to improve governance structures, operational efficiency, and strategic direction, positioning BNDA to become Haiti’s first universal bank by 2030. The framework will strengthen BNDA’s ability to provide financial services, benefiting farmers, agro-processors, and Micro, Small, and Medium-sized Enterprises (MSMEs).
Lisa Harding, Division Chief of CDB’s Private Sector Division, emphasized the transformative impact of the partnership. “This plan is not just about institutional strengthening—it’s about empowering Haiti’s agricultural sector, improving food security, and creating inclusive economic opportunities for rural communities,” she stated. The initiative aligns with CDB’s broader goals of fostering resilience and private sector development, particularly among MSMEs.
Since its establishment in 2021, BNDA has disbursed over USD 2.1 million in agricultural loans, including specialized financing for rice producers, a critical step toward enhancing national food security. The bank has also established regional service points and partnered with financial institutions to decentralize access to credit and financial services.
Faude Joseph, President of BNDA’s Board, praised CDB’s technical assistance in developing the Strategic Plan. “Their expertise and collaborative approach have helped us craft an ambitious and resilient roadmap aligned with our mission to promote agricultural development and financial inclusion,” he said. The plan, finalized in September 2025 after nearly two years of engagement, focuses on adopting innovative technologies, improving risk management, and expanding outreach to underserved populations, including women and youth in rural areas.
CDB’s statement highlighted its commitment to inclusive and sustainable development across the Caribbean, particularly in nations facing socio-economic challenges. This project underscores the bank’s dedication to fostering long-term progress and resilience in Haiti’s agricultural and financial sectors.