Sunday, September 29, 2013

Haiti earmarks 10,000 hectares for reforestation

The Haiti government has recently agreed to allocate 10,000 hectares of land to Yunus Social Business (YSB) for using it in reforestation of the Caribbean country.Nobel laureate Muhammad Yunus signed a deal with the agriculture minister of Haiti on the sidelines of an annual meeting of the Clinton Global Initiative in New York on September 25, joined by former US president Bill Clinton and Haiti’s Prime Minister Laurent Lamothe.Haiti Social Business Fund, founded by Prof Yunus, also signed an agreement with Deutsche Bank to receive a loan of $1 million.“This adds to the existing $5 million that the fund has for investment in new social businesses in Haiti,” Yunus Centre said in a statement yesterday.Two very large Haiti social business projects are joint ventures with giant multinational companies, according to the statement.“One is on reforesting the whole of Haiti, which lost virtually all its forest coverage in the last couple of decades.”
Richard Branson through Virgin United and Clinton Foundation together with Haiti Social Business Fund agreed to form a joint venture to accomplish this goal, according to the statement.
Yunus is a member of the Presidential Advisory Council of Haiti which is created to advise Haiti’s President Martelly on economic and social affairs of Haiti.Through his global initiatives arm YSB, Yunus has launched eight social business projects in Haiti. Ten more are in the pipeline.Another large joint venture is shaping up with Brazil Foods (BR Foods) which will produce poultry and create country-wide employment for the rural population of Haiti.Prime Minister of Albania Edi Rama honoured Yunus with the lifetime achievement award at a gala dinner, organised by the National Albanian American Council, in New York on Friday.Rama praised the Bangladeshi Nobel laureate for his contribution in helping overcome poverty in Albania and Kosovo.President of Albania and prime ministers of Albania, Kosovo, Macedonia, cabinet members of Albania and Kosovo, several US congressmen and business leaders of the Albanian American community in the USA attended the event on the sidelines of the UN meeting.Yunus Social Business has been working in Albania for the last three years.

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