-
Latin America & Caribbean
-
Low income
|
-
9,958,175 (2011)
-
650
|
Below are select highlights for the data included in the profile.
- Haiti’s overall Doing Business ranking slightly improved from last year. The country eased business start-up by eliminating the review by the president’s or the prime minister’s office of the incorporation act submitted for publication.
- According to the Investing Across Borders Indicators, foreign investment in Haiti is subject to a general ownership restriction across all business sectors as stipulated in the country’s Commercial Code. Any locally incorporated company, regardless of the business sector in which it is active, must have at least 3 shareholders, one of whom must be a Haitian national. Haitian law further stipulates that any foreign investment with a “potential impact on the country’s economy” is subject to presidential approval, regardless of the business activity concerned. In addition to these general restrictions, the country imposes sector-specific limits on foreign equity ownership in 2 of the 33 sectors covered by the Investing Across Sectors indicators.
- According to the latest World Bank’s Worldwide Governance Report (2009), Haiti is ranked below the 10th percentile for the Government Effectiveness and Rule of Law Indicators. For Control of Corruption, Haiti rates at the 10th percentile.
- Haiti’s economic freedom score is 52.1, making its economy the 133rd freest in the 2011 Index. Improvements in freedom from corruption and monetary freedom have driven its overall score 1.3 points higher than last year. Haiti is ranked 23rd out of 29 countries in the South and Central America/Caribbean region, and its overall score is lower than the world and regional averages. The country is currently focused on recovering from a devastating earthquake in 2010.
View projects associated with the World Bank Group's Finance and Private Sector Development unit. View brief summaries of the private sector strategy as stated in the most recent Country Assistance Strategy (CAS) document.
Haiti Country Assistance Strategy (CAS) PSD focus:
(December 2006)
IFC Strategy:
1) IFC will explore the possibility of providing support to the recently created Center for Investment Facilitation to improve the business environment by designing and implementing an administrative simplification plan;
2) IFC may provide assistance in the area of access tofinance to: (i)in crease access to credit for SMEs; (ii)launch a National Credit Bureau available to financial institutions and all other interested parties (such as, for example, infrastructure service providers and merchants); and (iii)create a Secured Transaction Framework;
3) In response to the concerns of many in the private sector on the inadequacy of technical training for entry and middle-managers, and business planning skills of many firms, particularly MSMEs, IFC is contemplating the possibility of providing support through the SME Toolkit and Business Edge.
|
| Project |
Total Project Amount
(US $ millions) |
Contact |
|
| Project |
Total Project Amount
(US $ millions) |
Contact |
|
MSME Sogebank |
0.91 |
Ignacio Estevez |
|
561951 |
|
4/1/2009 |
|
Active |
|
