Haiti Politics Obstacle to Tourism Sector Investment

Political instability in Haiti and its effect on tourism sector. The Hotel de Plaza was the site of a conference on the tourism industry in Haiti. The topic concerned incentivizing investment under the Investment Code. The support and advice of the Tourism Association of Haiti (ATH); the Interministerial Investment Commission (CII); and Investment Facilitation Center (CFI) would be provided.

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Stephanie Balmir Villedrouin, Haiti's Minister of Tourism and Creative Industry, gave a presentation that reviewed the progress of the tourism industry from 2011-2015. The government, she said, funded a series of investment projects along with international partners that amounted to 345 million-plus USD. Among them were:

• 35 large and small tourist hotels
• 4 transportation projects
• 2 more tourist projects in Marina Blue and Duty Free Americas of Haiti
• 2,180 accommodation units either completed or in progress
• 100 apartments currently being built
• 100 new taxis

Employment opportunities produced by all projects amounted to 13,700 jobs inside the tourism industry as well as supplemental services.

Senator Privert emphasized the primary role tax incentives must play in investment projects. He lamented private investment was held back because reconstruction had not gathered enough momentum to support investment projects. But above all, he pointed to Haiti's political instability as the primary obstacle to more private investment in Haiti.

He counseled those present other approaches to incentivize investment in Haiti should be looked at. He stated ". . . that Haiti needs . . . continuous growth of over 5% to reach in 2060 the current level of Dominican Republic."

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Read more: tourism, Investment, business, Business & Finance

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