Haiti - Economy : Official launch of the Caribbean Investment Facility
Haiti, participated on 21 and 22 March 2013, in Barbados, at the official launch of the Caribbean Investment Facility (CIF), in the presence of Mrs. Jolita Butkeviciene, Director for Latin America and the Caribbean for the European Union (EU).
The CIF is a financial instrument aimed, not only to strengthen relations between the EU and CARIFORUM members, but also promote the investment and develop infrastructure and the private sector of the region in the areas of transport, water and sanitation, energy, prevention of natural hazards, and Information Technology and Communication (ICT).
Mrs. Marie Carmelle Jean-Marie, Minister of Economy and Finance, who heads the Haitian delegation, whose s also part of the National Authorising Officer, Jean Edner Nelson, has stressed the strengthening of the management, at the national level, of the enterprise system, considered necessary to stimulate and encourage private investment activities "As part of the reform of the financial system, the government has taken steps to modernize the banking, insurance and other financial services and of reform of financial law. It developed new instruments better suited to the needs of businesses," she has pointed out, reassuring his interlocutors as to the adaptation of the financial system to the realities inhomogeneous of businesses, which is one of the most sensitive issues in the reconstruction of the national economy.
The Caribbean Investment Facility is equipped of initial financial resources amounting to € 40 million and will be managed by the EU Commission and implemented in partnership with regional development agencies, such as the IDB, CAF, etc... The CIF focuses on priority sectors such as: Inter connectivity, energy, transport, communications, water and sanitation, social infrastructure, and provide support to 15 member countries of CARIFORUM (Those of CARICOM), plus the Dominican Republic.
