The U.S. government, through USAID, launched an initiative to attract private capital and credit for small and medium sized enterprises across Haiti. The Haiti INVEST project will create a facilitation platform to mobilize financing for investment in high potential sectors in Haiti, such as agriculture.
“The new Haiti INVEST platform addresses the challenge of access to credit, and unlocks the power of private capital to drive inclusive economic growth,” said U.S. Ambassador Michele Sison. “Based on our extensive consultations with Haitian financial actors and entrepreneurs, we are creating a platform that will unlock the potential of private capital to drive equitable growth. And as access to capital affects all entrepreneurs – – including women business-owners — Haiti INVEST will afford equal opportunity and will encourage the participation of women throughout the process.”
Private sources represent 84 percent of financial flows into emerging markets. USAID believes the private sector is key in driving the economic development of Haiti and supporting Haiti on its journey to self-reliance. Through Haiti INVEST, USAID is opening a transparent path to mitigate risks and share rewards with diaspora and Haitian investors.