economie

February 2024 Witnesses Significant Spike in Inflation, Reaching 23%

February 2024 Witnesses Significant Spike in Inflation, Reaching 23%

Inflation bounced back in February 2024.

Diaspora's Direct Investments: A Key Funding Source for Haiti's Economy

Diaspora's Direct Investments: A Key Funding Source for Haiti's Economy

"Financing the Haitian economy through direct investments from the diaspora" is the theme around which the first edition of the International Finance Summit in the Diaspora will be held on April 6th and 7th, 2024, at the Miami Airport Convention Center in Florida.

"We Want Colombia to be a Trade Partner for Haiti," Says Colombian Consul

"We Want Colombia to be a Trade Partner for Haiti," Says Colombian Consul

Consul General of Colombia, Vilma Velásquez, met with around ten Haitian entrepreneurs on Thursday, April 4th, at the Colombian Consulate in Juvénat, who are eager to explore the Colombian market. This meeting, framed within a commercial context, will allow these entrepreneurs to participate in the 100th edition of the annual Macro Ruedas-Pro 2024 event, which will take place in Cartagena, Colombia, from April 22nd to 26th.

Bank Loans: Fresh Moratorium Available for Interested Customers

Bank Loans: Fresh Moratorium Available for Interested Customers

Based on Circular 115-5 recently published, the Bank of the Republic of Haiti (BRH) authorizes financial institutions - commercial banks, development financial companies, leasing companies, savings and credit cooperatives, credit card companies - to grant a moratorium to eligible clients who request it for the period from April 1st to September 30th, 2024, due to the ongoing socio-political turmoil in the country.

BRH and APB Announce Bank Branches for Public Force Agent Payments

BRH and APB Announce Bank Branches for Public Force Agent Payments

Since Monday, o facilitate the payment of public force agents, the Bank of the Republic of Haiti (BRH) and the Association of Bank Professionals (APB) have published a list of bank branches opening their doors in the metropolitan region of Port-au-Prince as part of a program designed specifically for this purpose.

Shortage of Raw Materials Looms for Textile Industries

Shortage of Raw Materials Looms for Textile Industries

Pushed to the extreme by gangs these days in the metropolitan area, insecurity is affecting all sectors of the Haitian economy.

Crisis in Food Supply Expands to Other Regions

Crisis in Food Supply Expands to Other Regions

According to the latest report from the National Food Security Coordination released on March 22, 2024, approximately 532,000 more people are now facing acute food insecurity compared to estimates from August 2023. Nearly 243,500 individuals have shifted into Emergency status. In total, eight out of the thirty-two zones covered by the study are in Emergency phase, while the rest of the country continues to experience an overall crisis of food insecurity.

Haitian Education System Reinforcement: 1% of GDP Pledged

Haitian Education System Reinforcement: 1% of GDP Pledged

Only 1.1% of GDP is allocated to Haitian education, highlighting the low level of public investment in the education system. During a meeting initiated by the Inter-American Development Bank (IDB) called "Wednesday Reflections," held on February 21, 2024, various panelists discussed the theme "How to strengthen the education system for a sustainable future." This meeting, led by Professor Kesner Pharel, welcomed several speakers, including the Minister of National Education and Vocational Training, Nesmy Manigat, the Director of the National Education Fund (FNE), Jean Ronald Joseph, and various directors of private schools.

Public Investment Reaches 720 Million Gourdes in First Quarter of Fiscal Year

Public Investment Reaches 720 Million Gourdes in First Quarter of Fiscal Year

"Less than one billion gourdes of public investment during the first three months of the current fiscal year.

Introduction of Haiti's Inaugural International Visa Debit Card

Introduction of Haiti's Inaugural International Visa Debit Card

With the aim of offering innovative payment solutions to its customers, Société Générale de Banque (SOGEBANK) launched its international debit card on Tuesday, February 20, 2024. According to officials, this card allows transactions on all POS terminals and ATMs both in Haiti and abroad, offering a range of benefits including global acceptance at all Visa partners, enhanced security, contactless payments, and receipt of transfers.