Haiti Market Overview
Date of Publication
2022 12:00 AM
Security Theme
Political Stability
Keywords
Political Stability, Haiti, Economic, Caribbean, Investments, Foreign direct investments, unrest
Description
Haiti continues to face significant challenges and civil unrest. With the uncertain timing of national and local elections, it is anticipated that political instability and a more short-term economic policy focus will impede the effectiveness of an already opaque bureaucracy. Former President Moise was assassinated on July 7, 2021 and parliamentary elections scheduled for September 2021 were postponed. An interim Haitian government established following Moise’s assassination, among other things, responded to an August 2021 magnitude 7.2 earthquake that struck the southwestern part of the country, is investigating the assassination of the late President, expanding its COVID-19 vaccination efforts, working with the Haitian National Police to promote security and the rule of law, combating burgeoning gang violence, and coordinating with the international community to establish the conditions necessary for Haitians to vote as soon as conditions permit. At the same time, the economy is expected to shrink slightly in 2022, while the government has limited ability to provide a fiscal stimulus to the economy. Due to instability and crises, trained professionals and graduates in Haiti are leaving the country, decreasing the availability of high-skilled labor and human capital.
Haiti Market Overview
Haiti continues to face significant challenges and civil unrest. With the uncertain timing of national and local elections, it is anticipated that political instability and a more short-term economic policy focus will impede the effectiveness of an already opaque bureaucracy. Former President Moise was assassinated on July 7, 2021 and parliamentary elections scheduled for September 2021 were postponed. An interim Haitian government established following Moise’s assassination, among other things, responded to an August 2021 magnitude 7.2 earthquake that struck the southwestern part of the country, is investigating the assassination of the late President, expanding its COVID-19 vaccination efforts, working with the Haitian National Police to promote security and the rule of law, combating burgeoning gang violence, and coordinating with the international community to establish the conditions necessary for Haitians to vote as soon as conditions permit. At the same time, the economy is expected to shrink slightly in 2022, while the government has limited ability to provide a fiscal stimulus to the economy. Due to instability and crises, trained professionals and graduates in Haiti are leaving the country, decreasing the availability of high-skilled labor and human capital.
