On March 13, 2025, Minister James Monazard discussed essential factors for Haiti’s economic recovery during a panel led by economist Etzer Émile. Key points included the urgency of job creation, support for small enterprises, investment in infrastructure, and the importance of tourism. Initiatives such as the Youth Entrepreneurship Support Program and reinforcement of the HOPE/HELP Act were also announced as part of a strategic plan for economic sustainability.
On March 13, 2025, Minister James Monazard participated in a panel discussion on economic recovery at the Karibe Convention Center, moderated by economist Etzer Émile. The event, organized by the American Chamber of Commerce in Haiti, included prominent figures such as Alfred Mettelus, Ronald Gabriel, and economist Pierre-Marie Boisson. Minister Monazard identified job creation as a critical factor for reversing Haiti’s prolonged economic decline, emphasizing its urgency for the population, especially young people and women.
Monazard outlined various initiatives by the Ministry of Commerce and Industry (MCI) aimed at addressing job creation. He announced a program in which students in finance and economics can support small and medium-sized enterprises (SMEs) receiving financial aid. Furthermore, he mentioned the government’s efforts to enhance infrastructure in key regions to attract significant investments, exemplified by ongoing projects like the Antoine Simon International Airport in Les Cayes.
Recognizing the vital role of technology, Monazard pledged to advocate for an update of commercial laws to better regulate digital commerce in Haiti. He underscored the tourism sector’s potential, noting the favorable climate for visitors. Addressing the need to revitalize this sector is seen as essential for national economic recovery.
In alignment with these efforts, Monazard presented the Youth Entrepreneurship Support Program (PAPEJ) on March 11, 2025, which has received over 850 business plans since its revival in December 2024. He also underlined his commitment to supporting the craft sector, particularly shoemaking and sewing, as part of enhancing local industries. Additionally, he reaffirmed the Haitian government’s commitment to revitalizing the HOPE/HELP Act, which facilitates access for Haitian products to the American market.
In conclusion, Minister Monazard committed to regulate the market, support local entrepreneurship, attract investments, and foster a stable business environment, highlighting a multifaceted approach aimed at achieving economic recovery in Haiti.
In conclusion, Minister James Monazard’s presentation highlighted critical factors essential for Haiti’s economic recovery, including job creation, technological advancements, and support for tourism and entrepreneurship. The initiatives announced by his Ministry, alongside efforts to improve regulations and infrastructure, lay the groundwork for a more stable economy. His commitment to supporting crafts and reinvigorating the HOPE/HELP Act reflects a comprehensive strategy aimed at revitalizing Haiti’s economic landscape.
Original Source: www.haitilibre.com
