Report underlines value of private investment in securing Haiti's growth

NARRATOR: Haiti can achieve GDP growth of 6-8% over the next decade, if the right public policies are put in place, the national and international private sector become increasingly engaged, and support from the international community is sustained. This is the finding of the World Economic Forum’s report, Private Sector Development in Haiti: Opportunities for Investment, Job Creation and Growth, launched in partnership with the World Bank, the Inter-American Development Bank (IDB) and the International Finance Corporation (IFC).

The report notes that despite the challenges, Haiti possesses the economic fundamentals to experience sustained growth. However, it cannot achieve it alone. The private sector played an important and innovative role in supporting humanitarian assistance to Haiti right after the earthquake and now it has an equally important role to play in helping Haiti achieve an accelerated economic trajectory, says Robert Greenhill, Managing Director and Chief Business Officer, World Economic Forum. The World Economic Forum hopes this joint report will lead more companies to consider the investment opportunities presented in Haiti.

The report outlines opportunities for businesses in Haiti and measures taken to encourage private sector engagement such as the development of Special Economic Zones. These are areas identified by the government as fast-track zones for commercial development to be equipped with the infrastructure and regulatory framework to attract business.

This is Donn Bobb reporting.

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