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Haiti - Economy : Creation of a new investment fund for Haiti
26/09/2014 10:16:01

Thursday on the sidelines of his participation in the 69th Ordinary Session of the General Assembly of the United Nations, the President Michel Joseph Martelly accompanied by the Prime Minister, Laurent Lamothe, of Duly Brutus, Minister of Foreign Affairs, Marie Carmelle Jean Marie, the Minister of Economy and Finance, the Ambassador of Haiti to the United Nations, Denis Régis and Michaëlle Jean, the UNESCO special Envoy for Haiti, participated in the Ministerial Conference of Haiti Partners.

Besides the Haitian delegation were present at the meeting including, José Miguel Insulza, Secretary General of the Organization of American States (OAS), the Special Representative of the Secretary of State of the United States, Tom Shannon, the Assistant Secretary General CARICOM, Colin Granderson, the Under Secretary for Central and South America and the Caribbean of Brazil, Antonio Simoes; and Deputy Secretary General of the OAS, Albert Ramdin.

This important meeting which focused on the political, economic and social issues in Haiti, was an opportunity for the Head of State to thank all the partners gathered on behalf of the Haitian people for their support to the
dynamism of cooperation.

Prime Minister Lamothe announced the creation of a new investment fund in Haiti, growth-oriented and designed to replace the Fund for the Reconstruction of Haiti (FRH).

This new financial instrument, which is part of the vision of the Government Martelly-Lamothe to boost the economy, will have to solve financial problems and stimulate economic growth, in order to facilitate the development. It will be managed through a public-private partnership and fund activities in different sectors.

"The time is no longer to assistantship, but to the lasting solidarity and accompaniment of Haitian institutions," declared President Martelly.

Robert Emmanuel, Director of the International Council of the Banque Lazard (French-American), responsible for designing the new Investment Fund indicated that it will be designed on the one hand to the developmental projects in various sectors such as tourism, energy, manufacturing and other hand this fund will provide guarantees to small businesses. The feasibility study and the structure of the fund (financed by the Interamerican Development Bank) will be officially presented on January 12, 2015.

HL/ SL/ HaitiLibre