21/05/2010 (Agence Europe) - According to a press release from the European Investment Bank (EIB), five leading international financial institutions active in the Caribbean reinforced, on Thursday 20 May, their commitment to ensuring long-term economic growth across the region, resilience to the global financial crisis and effective deployment of assistance for reconstruction efforts in Haiti with agreement of the Caribbean Joint Action Plan. Institutions participating in the landmark agreement were the Caribbean Development Bank (US$ 300 million), the European Investment Bank (US$ 100 million), the Netherlands Development Finance Company FMO (US$ 100 million), the International Finance Corporation - part of the World Bank Group (US$ 150 million), and PROPARCO, the private sector arm of the Agence Française de Développement Group (US$ 200 million). The signature ceremony took place on the sidelines of the Caribbean Development Bank's annual meeting currently underway in Nassau, Bahamas. The institutions involved expect to commit up to US$ 850 million in financial resources over a 2-3 year period starting in 2010. (L.C./transl.jl)