Haiti's Economy Making Steady Progress

Generally in the Caribbean, economic growth is estimated at 3.3% for 2014, up from 2.4% in 2013.

The WESP report indicates an uptick in South American and Caribbean economies at 3.6% and 4.1% in the same order for 2014 and 2015.

The reasons for significant growth in 2014 and 2015 are due to solid macroeconomic policies, persistent domestic demand, and steady economic recovery in developed nations. However WESP cautions economic growth in the Caribbean and South America is tied to growth in slower-growing economies like Europe and the U.S., which have slowed their pace.

The downside to growth experienced in the Caribbean and South America in 2013 is it was uneven. South America's gross domestic product led with 3.2% in 2013, over 2.5% in 2012. Comparatively, Mexico and Central America's economies dropped to 1.5% in 2013, from 4% in 2012.

Although Haiti's prospects for economic growth look bright, one must ask, who is benefiting from a strengthening economy? Certainly not in Ménard, which lacks sanitation, schools, dependable electricity service, and a reforestation project failing miserably.

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