Posted 4/5/2024, 9:30:00 PM
Haiti Faces Economic Crisis as Violence Drives Exodus from Port-au-Prince; Diaspora Seen as Key to Investing in Recovery
- Haiti facing economic collapse and humanitarian crisis due to ongoing violence in Port-au-Prince
- Haitians abroad send $4 billion in remittances annually, more than Haiti's budget and aid combined
- Economist Kesner Pharel appealing to Haitian diaspora to invest in Haitian companies
- Summit to discuss Haiti's economy and links with Dominican Republic, which exports $1.4 billion in goods to Haiti
- Opportunities seen for other Haitian regions as people flee Port-au-Prince, but overall outlook very difficult economically
