PORT-AU-PRINCE, Haiti - Bank of Boston Corp. said it had created an "on-lending facility" supported by the Overseas Private Investment Corp. that will make more than $65 million in loans for working capital and business expansion in Haiti.

"Haiti's economic future lies in the private sector," said Deputy Secretary of State Strobe Talbott in announcing the new pool of capital. "This facility will stimulate private sector recovery and encourage trade and investment between the United States and Haiti."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.