Kesner Pharel Declares the State Bankrupt After Years of Inflation and Economic Decline

Over a span of 15 years, from 2010 to 2025, inflation in Haiti rose from 4.7% to 32.2%. During the decade 2015–2025, only the first three fiscal years—2015–2016, 2016–2017, and 2017–2018—each recorded positive growth. From 2018 to 2025, it has been a crossing of the desert marked by seven consecutive years of contraction. Such a picture makes Haiti a failed state. This failure is even reflected in the decision-making of certain high-ranking state officials, argues analyst Kesner Pharel during his program Investir on Sunday, February 8, 2026.

L. Gary Cyprien
11 Feb 2026 — Lecture : 2 min.
Kesner Pharel Declares the State Bankrupt After Years of Inflation and Economic Decline

L'économiste Kesner Pharel

“The failure has reached such a level in Haiti that even the highest authorities in power display indefensible behavior in the face of the most serious problems confronting the country,” declared Kesner Pharel on his program Investir last Sunday. In this regard, he cited as an example the striking statements made by the Minister of Commerce concerning the alarming quantity of bacteria contained in sachet and bottled water sold on the Haitian market.

Such a revelation, according to the economic analyst, should h

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