Boosting Financial Resilience in Haiti: A Must for the Economy

Strengthening Haiti's financial resilience was the focus of a debate organized on June 26 by the Inter-American Development Bank (IDB) as part of its monthly series titled IDB Reflection Wednesdays. This event, moderated by Professor Kesner Pharel and attended by the IDB representative in Haiti, Mrs. Corinne Cathala, brought together several speakers including the central bank governor, Ronald Gabriel, Ludmilla Buteau Allien, Mica Pierre Bruno, and Robert Paret to discuss the Haitian financial system.

As this fiscal year draws to a close, expert analyses are already forecasting a sixth consecutive year of negative growth. The country's ongoing crisis affects all sectors, and the financial sector is no exception. Since the rise of insecurity and the control of several areas by armed gangs, the financial sector has been recording significant losses that could cause severe damage if not addressed promptly.

According to Robert Paret, president of the ProFin group, several factors threaten the resilience of the financial system.

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