Haiti: Economic Recovery Strategy (presentation to the 3rd Haitian European Diaspora Dinner Business Conference, London)

The 25-page presentation was given by Fritz Duroseau, member of the BRH board, to the Haitian Embassy in London and the diaspora conference on December 2, 2017. It first sets out the drivers of growth, using the example of South Korea's export-led, foreign-investment policies, then describes Haiti's context: annual per capita GDP below USD 800, a relatively stable macroeconomic framework since 2004, a sound financial sector, and remittances of USD 2.4 billion equal to 25% of GDP, financing mostly consumption, education and imports.

It then lists the BRH financial mechanisms that ease the cost of credit: zero legal reserves on bank resources financing housing, tourism and agriculture, refinancing windows at the BRH for housing, industrial free zones and export firms with capped interest rates, and a lower provisioning rate for restructured hotel loans. It closes with a proposed diaspora investment strategy: avoid small individual investments, partner with firms in high-potential sectors, offer private equity and use multilateral funding windows, and invest in line with the public investment program.