Haiti: Exports Decline, Imports Rise, the Diaspora Foots the Bill

While political leaders of all stripes remain unsure of how to steer the country and struggle to honor their commitments, the monetary policy note published by the Bank of the Republic of Haiti (BRH) for the third quarter of fiscal year 2024–2025, outlining the major trends in the Haitian economy, shows that there is even more reason for concern.

The available data for the first nine months of the fiscal year reveal a worsening of the trade deficit, the combined effect of declining exports and rising imports.

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