IFC provides funding of 4 million to Willbes

IFC, a member institution of the World Bank Group, will invest 4 million to help the company Willbes Haitian SA, a subsidiary of the South Korean company The Willbes & Co., Ltd., to develop its clothing production capacity and creating 1,000 jobs in Port-au-Prince by the end of 2016.

Le Nouvelliste
16 juil. 2015 — Lecture : 2 min.
IFC will also mobilize a parallel loan of 4 million from the Inter-American Development Bank. This funding will allow Willbes Haitian SA to add to existing production lines and strengthen its financial position. It will also promote the development of the garment sector in Haiti, an essential component of the national economy and a major source of foreign investment and jobs. In recent years, garment exports accounted for about 90% of exports. "We welcome the partnership today with IFC to promote the expansion of Willbes and prosperity of the H

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