 |
|
||||||||||||||||||
 |
|
|
|
|
|
|
|||||||
|
|
Haiti - Economy : Statement of Governor of the Central Bank 02/09/2016 09:47:16
Excerpts from the speech of Governor of the Central Bank : "[...] Ladies and gentlemen, The challenges ahead are enormous. Put our economy on a sufficiently robust growth path, sustained and inclusive will not be an easy task. Recent data show that inflation can be brought under control but at the cost of economic stagnation as unbearable that the price instability. In other words, the sacrifice ratio, the cost (in terms of unemployment and poverty) of a decline in the inflation rate seems too high for the society. Also, greatly complicating the dilemma, the shocks and other recent events, such as droughts, erosion, migration of skilled labor from Haiti to Brazil, Chile, Canada, the Dominican Republic, etc... have diminished the capacity of the economy to the point where total spending tend to affect more prices than production. Ladies and gentlemen, Beyond the theoretical controversies and sadness of reality, the Bank of the Republic of Haiti must remain faithful to its mandate to run a monetary policy that maintains the level of production in terms of production capacity, ie., to minimize unemployment and inflation [...] [...] In our desire to contribute to boosting growth through support to high value-added sectors, we envisioned and began to implement a series of measures including: The elimination of reserve requirements on all loans to the agricultural sector, the establishment, in partnership with other financial institutions, of a refinancing window of accounts receivable for exports oriented firms to promote the production, create jobs and promote initiatives aimed at increasing the supply of currency available in the economy; The maintenance of the circular on free zones to reduce costs related to investments in industrial parks [...] [...] The BRH is planning interventions in other sectors, including participation in the financing of activities of exports and the conditional financing of vocational training in support of the productive private sector, according to the legitimate needs of the labor market . Another challenge who just made the subject of a multi-sectoral meeting and debate, and that almost takes the form of an unprecedented threat to our banking and financial system, characterized by the gradual withdrawal of correspondent banks that cease doing business with local banks for reasons of non-compliance of country to a set of requirements related to the fight against money laundering and terrorism, and also related to the size of transactions. Nevertheless, we remain confident in the ability of our institutions and our parliamentarians to remedy it as soon as possible [...] https://www.haitilibre.com/en/news-18457-haiti-flash-the-situation-is-critical-transfers-and-haitian-banking-system-threatened.html " See also : https://www.haitilibre.com/article-18491-haiti-economie-sombres-perspectives-financieres-pour-haiti-si.html https://www.haitilibre.com/article-18482-haiti-politique-deux-projets-de-lois-importants-adoptes-dans-l-urgence.html https://www.haitilibre.com/article-18457-haiti-flash-l-heure-est-grave-transferts-et-systeme-bancaire-haitien-menaces.html HL/ HaitiLibre
|
|
|
|
Why HaitiLibre ? |
Contact us |
Français
Copyright © 2010 - 2024 Haitilibre.com |