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Haiti - Economy : 46% of the population of Haiti, completely excluded from the financial system
25/04/2019 10:34:58

Haiti - Economy : 46% of the population of Haiti, completely excluded from the financial system
Wednesday, the third day of the International Finance Summit, began with a session on public finance, introduced by Jean Soukar, Project Manager of the United States Agency for International Enveloppement (USAID / Finance Inclusive).

Subsequently Mrs Georgette Jean-Louis, Director General of the Bank of the Republic of Haiti (BRH) presented the survey "Finscope Haiti" an USAID project led by "Finance Inclusive" and implemented by the DAI. A steering committee chaired by Georgette Jean-Louis, comprising representatives of the Haitian financial sector and other national and international bodies, ensured the quality of the information collected during the survey. According to the survey results 46% of the country's adult population is completely excluded from the financial system.

"This data will enable service providers to understand the financial needs of the population in order to provide an adequate response," said Georgette Jean-Louis.

In his speech, the economist Kesner Pharel, CEO of the Group Croissance who carried out this research in collaboration with the "Finmark Trust" showed the relevance of such work by presenting the financial situation of the adult population by department according to bank deposits and cooperatives on the one hand and the amount of the national budget allocated to these departments on the other.

Stressing "Of the 115 billion gourdes returning to all ten departments of the country, 110 billion remain in the department of the West and nine other departments share the remaining 5 billion" adding "If we want to eliminate financial exclusion you have to start with the poorest departments, namely NordEast, Grand'Anse and Nippes."

Abel Matsomi, expert of the "Finmark Trust" presented the results of the survey that was conducted on 4,200 families in the 10 departments of Haiti. For Abel Matsomi, financial inclusion is about empowering each individual to generate the income they need to meet their needs. "The idea of ​​financial inclusion is to eradicate poverty. the problem of financial exclusion, we should begin by assessing why people are turning to informal financial services and see how to redirect them to formal financial services."

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