Human Capital as a Lever of Development: A Guiding Line in the Work of the Bank of the Republic of Haiti

The BRH published this report in December 2021, the year of its 42nd anniversary, to set out three decades of investment in training. It is built around the Institut de Formation de la Banque Centrale (IFBC), created in 1993 to organize the continuing education of the bank's staff at a time of embargo and economic depression.

From 1995 to 2021 the BRH granted 120 long-term scholarships abroad: 49 through the laureates program, which recruits the best graduates of Haitian universities after a preparatory year, and 71 directly to staff. Ninety-two funded master's degrees. Scholars studied in the United States (62), Canada (30), France (25), England (2) and Belgium (1), across 42 universities and 11 fields led by economics, business administration and finance.

The report also lists short courses, seminars with other central banks, a BRH-American University public policy program for 20 officials, grants to master's programs at the Université Notre Dame d'Haïti, the Faculté des Sciences of the UEH and the Université Quisqueya, and joint scholarship schemes with the French embassy, De La Rue, Chevening and the AUF.

Its later chapters tie human capital to the bank's growth agenda. Annexes describe the Monetary Agenda for Growth and Employment of 2016, the credit information bureau, the national financial inclusion strategy and the financial market project, and list the IFBC's contributors and scholarship holders.