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Haiti - Economy : The fight against corruption, only a slogan in Haiti 03/09/2018 08:25:04
"From one power to another, from one regime to another, bad practices are not sanctioned. Corruption has become a normal social fact. Haiti remains poor and impoverished while some personalities of the public and private sector, enriched by corruption. It has become more than urgent that this evil be penalized to dream of succeeding in building a modern and just economy." CFHCI stresses how corruption has negative economic and social consequences "Corruption creates poverty and inequality. When money is diverted, stolen or wasted, it is hospitals and schools that can not be built, it is agriculture that is not funded and supervised. Corruption tarnishes the image of the country and scares away investors. We can not be surprised when the Dominican Republic manages to capture 25 times more Foreign Direct Investment than Haiti each year https://www.haitilibre.com/en/news-24971-haiti-economy-$375m-investment-in-2017-an-illusion-record.html . Corruption adds to administrative procedures and makes the state dysfunctional. Corruption creates inflation through overbilling. It leads to the bankruptcy and closure of many companies that can no longer resist against others who benefit from corruption and unfair competition. Corruption deprives the state of hundreds of millions of dollars on the border, in ports and in the payment of direct and indirect taxes (smuggling and tax evasion). Several studies conducted by the World Bank and the Private Sector Economic Forum show more than 400 million dollars lost by the State each year on the border [...]" HL/ HaitiLibre
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