The In­ter-Amer­i­can De­vel­op­ment Bank (IDB) says it has reached an agree­ment with the gov­ern­ment of Haiti to launch a five-year re­cov­ery and de­vel­op­ment plan process for the French-speak­ing Caribbean Com­mu­ni­ty (CARI­COM) coun­try.

The IDB said that at the re­quest of, and un­der its lead­er­ship, the bank will co­or­di­nate this joint ef­fort with the World Bank, the Unit­ed Na­tions, and the Eu­ro­pean Union.

The agree­ment of the Medi­um-Term Re­cov­ery and De­vel­op­ment Plan for 2025-2030 was for­mal­ized in a joint state­ment signed by IDB Pres­i­dent Ilan Gold­fa­jn and Al­fred Fils Metel­lus, Haiti’s Min­is­ter of Econ­o­my and Fi­nance, on the side­lines of the IMF and World Bank Spring Meet­ings now un­der­way in Wash­ing­ton.