Haiti Seeks to Implement a 'New Deal'
- Saturday, June 23, 2012 10:50 AM
PORT-AU-PRINCE, Haiti (defend.ht) - The Finance and Economy Minister, Marie Carmelle Jean-Marie, is looking to implement a government policy of investing money into the Haitian private sector to jump start the economy.
It is similar to the 'New Deal' strategy that the United States used in the 1930s to pulls its self out of the Great Depression and was again used in the U.S. from 2008-09 to climb out of a recession.
"the Haitian State must invest directly in private companies, like the governments of developed countries did during the 2008-2009 financial crisis," said Minister Jean-Marie on Magik 9 Radio.
She continued by saying, "the aim of this approach would be to create a network of businesses to promote job creation. For example, the sectors of construction and agriculture could easily help achieve this goal."
The minister said that due to the lack of resources by most Haitian firms, they would not win bidding for construction and other projects.
"The Haitian government has the responsibility to enter into economic activity, not to remain involved as before, but to give a boost to local businesses with viable projects."
"The new generation of youth, moreover, wil now have to become entrepreneurs to ensure this paradigm shift." - Marie Carmelle Jean-Marie, Minister of Economy and Finance
Related 03.14.2012: "Haiti is not yet open for business", says Former Justice Minister Bernard Gousse
Related 03.12.2012: Haiti: Central Bank Sees "Investment as a Public Good"
Source: Le Nouvelliste