The Caribbean Development Bank (CDB), through its Caribbean Technological Consultancy Services (CTCS) Network, has provided a grant of USD 72,163 to support Haiti’s Banque Nationale de Développement Agricole (BNDA) in completing its new five-year Strategic Plan. This initiative aims to strengthen BNDA’s institutional capacity and improve access to finance for agricultural stakeholders across the country. The Strategic Plan will enhance the Bank’s governance, operational efficiency, and long-term vision as it works toward becoming Haiti’s first universal bank by 2030.
The plan outlines a detailed roadmap to boost BNDA’s financial service delivery for farmers, agro-processors, and Micro, Small and Medium-sized Enterprises (MSMEs). According to CDB’s Private Sector Division Chief, Lisa Harding, the initiative represents more than just institutional strengthening—it is about empowering Haiti’s agricultural sector, improving food security, and creating inclusive economic opportunities for rural communities. She emphasized that BNDA’s vision complements CDB’s wider efforts to promote private sector development and build resilience across the Caribbean.
Since its official launch in 2021, BNDA has disbursed over USD 2.1 million in agricultural loans, including targeted financing for rice producers, contributing to enhanced food security. The Bank has also expanded its reach through regional service points and partnerships with local financial institutions to decentralize credit access and financial services.
BNDA’s Board President, Faude Joseph, highlighted that the technical assistance from CDB has been transformative, enabling the institution to craft an ambitious and resilient roadmap aligned with its mission to promote agricultural development, expand financial inclusion, and achieve universal banking status by 2030.
Completed in September 2025 after nearly two years of collaboration, the Strategic Plan builds on an in-depth institutional assessment and will guide BNDA in adopting innovative technologies, strengthening risk management, and extending financial services to underserved populations, particularly women and youth in rural areas. The initiative reflects CDB’s ongoing commitment to inclusive and sustainable development, particularly in countries navigating complex socio-economic challenges.
