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Haiti - Economy : First day of the States General of the Investment
13/03/2012 11:33:35

Haiti - Economy : First day of the States General of the Investment
President Michel Martelly, proceeded, Monday, March 12, at the official opening of the States General of the Investment (EGI), which take place at the Hotel Karibe 12, 13 and 14 March 2012 in the presence of several officials government, parliamentarians, business leaders, entrepreneurs, academics, representatives of international institutions and organizations and members of the Diplomatic Corps.

"The States General are, by definition, a special meeting convened in order to deal with a critical situation. They have the principle of being open to all in order to bring together voluntary, all public and civilians affected by this situation," decalred the Head of State who congratulated the Ministry of Trade and Industry for this laudable initiative.

In his opening remarks, the Head of State declared "...our current ability to attract and retain investment, if we compare it with that of most of our neighbors in the area, is very low and our results are bad, very bad, while capital flows to the Caribbean area is considerable and growing. Since the early 2000s, are billions of dollars each year are passing before us and hundreds of millions escape us because of the difficulties of doing business in Haiti [...] This situation must change rapidly, Haiti must bounce back to the time of investment.

We need to stop looking for excuses, stop to close our eyes, roll up our sleeves and put us to work, because nobody can do it for us. Other countries have done it before us such as Liberia, which has managed to attract 17 billion investment in 6 years, Jamaica for a population three times lower than ours has attracted $7 billion and the Dominican Republic double, for a population size similar to ours. We also we must, we want and we can do it. Reforms are currently underway to modernize the process of starting a business in Haiti, making it pass from 100 days to 10 days, because when there is a will, there is a way.

These States General of the Investment are therefore necessary to more than one way. They represent an approach to which I subscribe and that I support of all my power, I greatly appreciate its relevance [...] These States General, constitute a first in the history of our country, I hope they will be an opportunity for all stakeholders to compare their views, share experiences, offer analysis, to identify barriers, to share the diagnosis and ultimately to formulate concrete proposals to improve the conditions of attractions and implementations of investors, as well as growth of domestic and foreign investment in Haiti.



The issues of the organization of our public and private institutions but also those relating to our shortcomings, our failures, our blockages, the slowness of our bureaucracy, our prejudices, our mistakes and even our faults and our social scourges need to be addressed during these days without any taboo. This is also a point I want to emphasize without any taboo because our goals are very ambitious, even if they are justified..."


During this first day of the General Investment, Wilson Laleau, the Minister of Trade and Industry declared "...I am counting on all of you here, to make these States General a resounding success, who is the starting point of the reconquest of our economic performance in the field of investment in general and private investors in particular. I place great hope in your involvement, because it is time to react [...]" Charles Castel, the Governor of the Bank of the Republic of Haiti (BRH) stressed "We need that from these thoughts, out a roadmap widely distributed and that it would be followed by regular progress reports" promising the support and guidance of the Central Bank in efforts to attract investment in the country.

André Lemercier Georges, the Minister of Economy and Finance, confirmed the commitment of his ministry in the reform process "All structures of the Ministry are mobilized to achieve the adoption of new practices to the service of citizens, taxpayers and economic operators" that will lead to the consolidation of macroeconomic stability and improve the business climate, adding that "2 reforms are undertaken and will know rapid development particularly in the insurance sector which will have a legal and institutional framework and the pension system."

The interveners of the panel "Macroeconomic framework of the investment in Haiti" have reviewed the various efforts in the sector, the difficulties and made ​​recommendations. The Senator Jocelerme Privert, President of the Commission Economy and Finance in the Senate outlined some weaknesses in the Haitian fiscal policy and proposed in the medium term, the revision of the legal and the commercial code. Chenet Saint-Vil, Representative of the office of the National Authorising informed that the data of recent years show that the external financing of Haiti is 65%, which according to him, far exceeds that of the neighboring republic which is only 15%. He proposed a comprehensive reform that favors big investments in services, particularly in tourism while seeking the coordination with other sectors of the economy such as agriculture. Pierre André Dunbar, President of the Enhanced Integrated Framework (CIR) has deplored "The challenge is a strong commitment and total at the highest level. If far we have not progressed, This is because the State has not fully committed."

See also :
https://www.haitilibre.com/en/news-5146-haiti-economy-the-mci-organizes-the-states-general-of-investment.html

TB/ HaitiLibre




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