Caracol Industrial Park: Navigating Present Challenges and Future Opportunities

Inaugurated with great fanfare in October 2012 with the primary objective of creating 20,000 jobs in the textile sector, the Caracol Industrial Park (PIC)—so far the largest post-2010 earthquake achievement in Haiti—has been facing major challenges in recent years. Between declining international demand and the deterioration of security conditions in the country, the PIC finds itself caught between multiple pressures. Despite everything, the Haitian government, through the Ministry of Economy and Finance, supported by the IDB—its main technical and financial partner for the park—remains confident in the project's viability. Moreover, new investments aimed at making the park more attractive are currently underway.

Jean Pharès Jérôme
Par Jean Pharès Jérôme
25 Feb 2025 | Lecture : 4 min.

"Creating jobs" is the core objective of the Caracol Industrial Park. The park's current capacity is 20,000 direct jobs. "Ongoing investments should increase its capacity to 23,000 jobs," reports the Technical Execution Unit (UTE), the Ministry of Economy and Finance entity responsible for managing the park. According to UTE, the ongoing investments at the PIC, financed by the Inter-American Development Bank (IDB), demonstrate the importance placed on this project, which is expected to play a leading role in the devel

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