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In-Briefs

Haiti: Port-au-Prince Seeks Investment As Aid Begins to Falter

December 13, 2011
| Economics
| The Americas

The World Bank has promised an additional $255 million for reconstruction of Haiti over the next 12 months on December 1st, almost two years after the 2010 earthquake . . . the money is expected to be used toward education, agriculture and disaster risk management . . . the Haitian government has announced plans to increase investment opportunities and has vowed to introduce new laws in coming weeks to make the country more business-friendly . . . Haiti sponsored a forum with the Inter-American Development Bank (IDB) in early December, hosting investors from more than 29 countries . . . South Korea-based Sae-A Trading Co Ltd has invested $257 million in constructing a new industrial park that is expected to create 20,000 jobs . . . Port-au-Prince sees foreign investment and trade as a means to escape the abject poverty that has plagued the country . . . Haiti’s leaders are seeing evidence of “donor fatigue” as aid money is becoming less frequent and anxious to find sources of revenue.

 
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