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Haiti Foreign Investment 101 - Advice from UN economists

Haiti receives advice from UN economists on how to attract foreign investments

Here is the article as posted on un.org...

United Nations economists have provided the Haitian Government with advice on a new investment strategy to help the country attract financing to rebuild infrastructure and boost economic development.

The experts from the UN Conference on Trade and Development (UNCTAD) were among the participants at this week's meeting in the Haitian capital, Port-au-Prince, which focused on boosting investment and growth in the country - the poorest in the Western Hemisphere and recovering from a devastating earthquake in January 2010.

They advised the Government to carefully reform regulations and institutions dealing with investment, focusing on, among other actions, attracting financing to rebuild and improve national infrastructure such as roads and ports.

The Government requested UNCTAD to provide technical assistance to Haiti, including carrying out an Investment Policy Review - a comprehensive study of national rules and practices that has already been done for 30 developing nations.

"Governments implementing the recommendations of previous investment policy reviews have often managed to attract higher levels of foreign direct investment," the agency pointed out in a news release.

Chantal Dupasquier, Chief of Investment Policy Reviews at UNCTAD, encouraged the Government to adopt a phased and selective approach to regulatory and institutional reform, infrastructure development and investment promotion, so as to avoid a dispersion of efforts and resources.

The priority should be for government measures that have a high impact on attracting investment that can fund improved infrastructure and create jobs, stressed Ms. Dupasquier, who was among the UNCTAD experts participating in the 12 to 14 March meeting.

A number of Haitian Government officials participated in the meeting, including President Joseph Martelly, who said the country must tackle constraints to investment and growth.

"It is time to stop looking for excuses and start working," Mr. Martelly told the meeting.

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Jennel Lesperance says...

What happen to few real good bloggers we have they just disappear now, I wish they come back with good advices they make the blog fun, now it not fun no more and we are not learning nothing on the blog no more, the desire to watch the blog is not the same no

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Myrtho says...

The implementation of Roads and ports are very important contributions to the country economic development but what about food, good running water, electricity, and garbage collection on a regular basis, they are the people basic

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Christian J. Mcnally says...

I think it's a good start but it should also include running water in everyone homes plus drainage to prevent floods during raining season.and the roads must be at list three lanes on each side separate by a center divider to prevent accident from oncoming vehicle .start now no time to loose.

we must include one lane on each side for emergency

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Harold Fleurine says...

CREAT ROAD, MAKE THE AIRPORT MORE CONFORTABLE TURN THE BIDON-VIL INTO CITY STREET WITH TWO WAYS TRAFIC CREAT MORE SPACES MORE HASPITAL MORE SCHOOLS MORE GOVERNMENT BUILDINGPLEASE DO IT I TRUELY SUPPORT THAT

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