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Wednesday, February 6th, 2019

 

11 measures to stabilize Haiti’s public finances

11 measures to stabilize Haiti’s public finances In order to stabilize public finances and implement the executive order dated April 5th, 2017 on government expenses, the Government adopts the following measures It is formally prohibited to purchase new vehicles until September 30, 2019 2.  It is formally prohibited to rent or lease vehicles on behalf of public officials, unless authorized by the Prime Minister 3.  Ministers, State Secretaries and General Directors are formally prohibited to travel without the express permission of           the Prime Minister or theRead More


Economic emergency is declared in Haiti and all customs and fiscal franchises are suspended until September 2019

Economic emergency is declared in Haiti and all customs and fiscal franchises are suspended until September 2019 During a cabinet meeting held at the national palace on Tuesday April 5th 2017, Haitian President Jovenel Moise instructed the government to implement the eleven measures mentioned in the executive order published on April 5, 2017 related to reduction in government expenses. The President asked each minister to present a program of expenditures that must take into consideration the most important needs and investments that can create jobs in order to strengthen theRead More


State of economic emergency in Haiti

State of economic emergency in Haiti During a cabinet meeting led by President Jovenel Moise at the national palace, the cabinet has adopted a resolution declaring a state of economic emergency. The meeting was broadcast live on Haiti’s national radio and television network. This decision was made in order to help stabilize the haitian currency (the gourde) which has been losing value against the US dollar. Haiti depends heavily on importation which must be paid in american currency. The fall of the haitian gourde has forced a spike in theRead More