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Haiti - Economy : 25% increase in investment in Haiti (2012-2013)
21/12/2013 08:58:00

Friday at the Primature, Me Georges Andy René, the Director General of the Investment Facilitation Center (CFI) presented a positive balance for the 2012-2013 year and share the perspectives for the coming year [2013-2014]. After a reminder of the 4 missions of the institution : Promotion, Facilitation, Economic Studies and Legal and Administrative Reforms, Me René gave an overview of the highlights for each of these fields of activity.

Promotion :
During the 2012-2013 year, the CFI took part, provide financial assistance, support and mentor more than 23 missions, delegations and fairs relating to private investment. In addition, efforts to promote in digital media has allowed CFI to among the best national agencies to promote investment on the Internet with a score of 85%, well above the regional average (67%) accoring the classification of the World Bank, Global Investment Promotion Benchmark (GIPB).

Facilitation :
CFI has accompanied and supervised 48 private investment projects amounting to 698 million U.S. dollars whose 473 million from domestic investors and 225 million from foreign investors an increase of over 25% from 2011-2012.

These projects involved the following sectors :

Assembly and re-export projects (8 projects) ;
National Industry (12 projects) ;
Tourism (15 projects) ;
Agriculture (3 projects) ;
Exploitation of Aggregates (2 projects) ;
Environnement (2 project) ;
Energy (1 project) ;
Gas Terminal (1 project) ;
Heavy equipment (1 project) ;
Infrastructure (1 project) ;
Seaport (1 project) ;
Call Center (1 project).

Economic Studies :
In terms of Economic Studies othe CFI conducted: a survey on the economic impact of Carnival for the northern region, a study on the investment potential of the departments of the South, Nippes and South-East and a feasibility study for the establishment of an investment fund in the Diaspora.

Legal and administrative reforms :
CFI has developed several texts including: a preliminary bill eliminating the deposit of 25% minimum share capital as constitutive step of companies, a draft law on individual limited liability companies, a Preliminary draft framework law of the CFI, placing it under the supervision of the Primature, a decree of application of the investment code. At the administrative level, the CFI has established a sales service of companies and pre-formed and an electronic system for monitoring and evaluation of projects for the interdepartmental commission on investment.

For the 2012-2013 year, the CFI has executed 98% of the 109 million gourdes that have been allocated by the Treasury.

Despite budgetary constraints, the Directorate General of CFI continues to engage to achieving its 2012-2015 triennial action plan. It continues her quest for specialized human resources in order to not only sustain the actions already undertaken, but also continue with the programming of the Action Plan. The CFI has already taken the necessary steps for a new local best suited in order to to better serve investors and potential investors, both local and international. Directorate General provides the occupation of spaces in the first quarter of 2014.

Perspectives :
In terms of perspectives for the 2013-2014 year, the CFI is committed to enhancing its support services, build the capacity of staff of the institution, take the necessary measures necessary to strengthen the Regional Office North and the launch of Office in Artibonite, strengthen partnerships with the departmental Chambers of Commerce and private sector associations. All this in order to attract more private investment in accordance with the vision of President Michel Martelly and the General Policy of the Prime Minister Laurent Lamothe.

HL/ S/ HaitiLibre