Haiti - Economy : The UN economists advise Haiti to attract foreign investment
The experts from the UN Conference on Trade and Development (UNCTAD) who participated in the States-General of Investment, have advised the Government to carefully reform regulations and institutions dealing with investment, focusing on, among other actions, attracting financing to rebuild and improve national infrastructure such as roads and ports.
The Government requested UNCTAD to provide technical assistance to Haiti, including carrying out an Investment Policy Review – a comprehensive study of national rules and practices that has already been done for 30 developing nations. "Governments implementing the recommendations of previous investment policy reviews have often managed to attract higher levels of foreign direct investment," stressed a member of UNCTAD.
Chantal Dupasquier, Chief of Investment Policy Reviews at UNCTAD, encouraged the Government to adopt a phased and selective approach to regulatory and institutional reform, infrastructure development and investment promotion, so as to avoid a dispersion of efforts and resources.
"The priority should be for government measures that have a high impact on attracting investment that can fund improved infrastructure and create jobs," stressed Ms. Dupasquier.
A number of Haitian Government officials participated in the meeting, including President Joseph Martelly, who said that the country must tackle constraints to investment and growth, "It is time to stop looking for excuses and start working."
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