Investments for certain programs and projects

(a) Requirements for investments The Enterprise Fund may only provide investments in programs and projects that— (1) promote development of the Haitian private sector, particularly with respect to— (A) micro, small, and medium businesses; (B) the agriculture, biodiversity, construction, energy, finance, manufacturing, and tourism industries; and (C) joint ventures between the United States and Haiti or the Haitian-American diaspora, including joint ventures that empower women and youth; (2) promote policies and practices that facilitate the development of the Haitian private sector through— (A) equity investments; (B) feasibility studies; (C) grants; (D) guarantees; (E) insurance; (F) loans; (G) technical assistance; and (H) training; (3) facilitate an economic environment conducive for an accountable, transparent, and sustained democratic system of governance in Haiti, aligned with the Global Fragility Strategy required in section 504(a) of the Global Fragility Act of 2019 (22 U.S.C. 9803(a)); (4) build the resilient physical infrastructure required for Haiti to be stable and prosperous, including— (A) country-wide access to reliable electricity; (B) electricity generation plants; (C) passable roads and bridges; (D) ports; (E) railroads; (F) hydrological dams; (G) agriculture canals; (H) storm water management systems; (I) water infrastructure; and (J) sanitation and health programs and infrastructure; (5) create a report that includes— (A) the cost to update the physical infrastructure described in paragraph (4) in Haiti to meet resilience standards; and (B) an analysis of completed physical infrastructure projects; (6) assist in leveraging public and private funding to address development needs in Haiti; or (7) engender conditions for development and industrialization, create sustainable jobs, or reduce the root cause of irregular migrations in Haiti. (b) Authorized activities The Enterprise Fund may make investments in and encourage— (1) increased access to consumer credit in Haiti, including from consumer credit unions (also known as caisse populaires); (2) the establishment of local agriculture cooperatives in Haiti; (3) the establishment of major electricity generation facilities and complementary regional and national electricity grids in Haiti; (4) the establishment of working global manufacturing facilities, including facilities manufacturing— (A) food; (B) beverages; (C) tobacco; (D) chemicals; (E) pharmaceuticals; (F) electronics; (G) optical products; (H) textiles; (I) apparel; and (J) leather; (5) projects providing modern information technology infrastructure required to deliver and monitor development services to economically vulnerable populations in Haiti; and (6) projects providing management and technical capacity training and development to promote private sector development, including training on effective management and governance. (c) Financial instruments for investment in Haiti (1) In general The Enterprise Fund shall, if practicable, establish financial instruments to enable individuals to invest in the Haitian private sector. (2) Preferred investments If practicable, the financial instruments established under paragraph (1) shall— (A) facilitate investment in projects that support development and humanitarian relief in Haiti; and (B) support Haitian businesses and employees. (d) Investment priority In making investments under this section, the Enterprise Fund shall give priority to industries identified by the Government of Haiti as priorities for the economic recovery and growth of Haiti. (e) Matters for consideration The Enterprise Fund shall take into account— (1) internationally recognized human rights, including the rights of workers; (2) environmental factors; (3) the effect of the activities of the Fund on the economy and labor market of the United States; and (4) the likelihood that the activity receiving investments from the Enterprise Fund will be commercially viable.