Impact of Insecurity on the Real Sector: The Madan Sara
- Insecurity has led to increased employee turnover in the financial sector.
- Migration, facilitated by humanitarian programs, has significantly drained qualified personnel.
- Financial institutions have suffered financial losses due to vandalism and operational disruptions.
- Recruitment efforts are underway, but challenges remain in retaining experienced staff.
- A significant percentage of financial institutions reported losses and damages due to insecurity.
This report, prepared by the Banque de la République d'Haïti (BRH), investigates the impact of insecurity on the human capital within Haiti's financial sector. It assesses the effects of the deteriorating security climate on employee turnover, migration, and operational disruptions. The study uses data collected from financial institutions to quantify financial losses, evaluate the impact on service delivery, and identify mitigation strategies adopted by these institutions. It also explores the demographic characteristics of departing employees and the recruitment efforts undertaken to address staffing shortages.
How to cite
Bank of the Republic of Haiti (BRH), 2024, Impact of Insecurity on the Real Sector: The Madan Sara, https://www.brh.ht/wp-content/uploads/Impact-de-l-insecurite-sur-le-secteur-reel-les-Madan-Sara-du-departement-de-l-Ouest.pdf