New program seeks diaspora dollars to invest in Haiti

New program seeks diaspora dollars to invest in Haiti

Diaspora dollars sought with new program to invest in Haiti

New program seeks diaspora dollars to invest in Haiti
An outdoor market in Port-au-Prince, Haiti. Photo credit: George H. Rouzier

The Caribbean Resilience Fund (CRF) has financed small businesses in Haiti and will provide to them local and foreign investors, the U.S. Embassy in Haiti announced Nov. 19.

Haiti-Invest is supporting CRF’s project financially. Haiti-Invest is a multi-million dollar U.S. program that finances 19 small businesses, including GADE S.A., a local manufacturing company.

“This project sponsored by the US government creates a new base for the Haitian diaspora to contribute to the development of Haiti,” said Michèle Sison, the U.S. ambassador to Haiti, said. Source

Central bank tries to fix volatile gourde

Jean Baden Dubois, the Bank of the Republic of Haiti (BRH)’s governor. Photo credit: Le Nouvelliste

The Bank of the Republic of Haiti (BRH) has taken steps to make the value of the gourde worth the same amount in the informal market and at the banks, said Jean Baden Dubois, the central bank’s governor on Friday.

The exchange rate of the gourde has increased to between 70 and 80 gourdes per American dollar in the informal market. It ranges between 62 and 64 gourdes per U.S. dollar in the banking system.

“The BRH is currently taking measures that we do not need to make public, for obvious reasons, in order to calm the informal market down,” Dubois said. Source