Overdue currency regulation caused rapid rise of gourde against dollar, Haiti central bank consultant Eddy Labossière says.
Coronavirus, Economy, Haiti, Special Reports
Decline in remittances from pandemic could be hard-felt in Haiti
Members of the Haitian diaspora are among the millions of people throughout the world facing job loss, late payments and other financial burdens, as the economy contracts in response to the novel coronavirus pandemic.
Economy, Haiti, News
Science community in Haiti receives funds for research from national bank
The Banque de la République d’Haïti launched on Wednesday, Feb. 19, the BRH Fund for Research and Development. The fund…
Economy, Haiti, News
Minister of Economy and Finance cut subsidies to Electricité d’Haiti
On Friday Feb. 6, Joseph Jouthe, interim minister of economy and finance, stated that for the past three months he…
Economy, Haiti, News
President Jovenel Moïse meets with the Professional Association of Banks
On Feb. 4, President Jovenel Moïse and Prime Minister Jean Michel Lapin met with officials of the Professional Association of…
Economy, Haiti, Latest News
Haiti Economy Experiences Negative Growth for First Time Since Earthquake
Haiti experienced its worst year financially since 2010, according to a new report from the Economic Commission for Latin America…
Economy, Haiti
Haitian Government to Pay Debt to Oil Companies
Port-au-Prince – The Haitian government will meet Tuesday with representatives of oil companies and will reimburse them about two billion…
Beauty & Style, Economy, Haiti, Special Reports
Cost of Living in Haiti 4 Times Higher Than Minimum Wage
Garment workers must forgo basic necessities due to massive disparity between minimum wage and cost of living Amidst Haiti’s dwindling…
Economy, Opinion
Haiti Political Stalemate Exacerbates Country’s Declining Currency
Thanks to the Petrocaribe agreement, Haiti manages to slow down a currency crisis but things have now reached the boiling…
Economy, Latest News, Special Reports
Struggling economy weakens impact of Diaspora remittances
Remittances “help compatriots to deal with the problem of unemployment and poverty. They also help parents pay for their children’s schooling,” Germain said. “However, it should be noted that this money, for the most part, is not invested by the beneficiaries. They simply spend it.”