Decline in inflation and macro-economic stability in Haiti in 2013

Based on the theme, 'Fight against Corruption and Smuggling; Current Status and Perspectives', the council's meeting was the place to reveal the 4.5% decline to the rate of inflation and the stability of the country's macro-economy, progress that are in thanks to reforms of the economy, public finances and also the government's rationalized spending.

Following the success of these policies, Prime Minister Lamothe spoke of plans to set up, in support of the efforts to produce goods by enterprising entities, a new, major policy on credit. Cap-Haitien taxi drivers will be the first set to benefit from the new policy, which will be in operation by the end of the year. Following its implementation, the creation of a Credit Bank, in support of the agricultural industry, which is worth a whopping 20% of the country's GDP and contributed greatly to the current market stability, will follow.

Bank of the Republic of Haiti (BRH) Governor, Charles Castel, spoke on the occasion of the efforts made by the central bank, indluding the placing of $112 million USD on the market to stabilize the Haitian gourde, which was a concerted government effort to increase the BRH's reserve of $1.3 billion.

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