Michel Martelly visits Wall Street Journal's New York headquarters

President Martelly stopped by the Wall Street Journal in New York to discuss ideas to stabilize and grow his country's economy. It is well-known Haiti was immobilized by 2010's earthquake, with a death toll of 100,000-plus. Ever since the island has labored to draw the interest of international private investors for reconstruction projects.


Public and private investment partnerships, domestic or foreign, have been at the top of Martelly's agenda. He has realized the shambles of the country's infrastructure have rendered it in the eyes of the world ". . . as a basket case . . . whose only hope lay in attracting charitable aid."

Martelly says this perception is not applicable anymore. He obliquely chastises the international donor community, whose highlighting of Haiti's problems makes Haiti a charity case to be patronized, incapable of rising up. The alternative he says is to ". . . sell what we have that's great . . . so we can get funds and change Haiti."

CEO Douglas Clayton, a Leonard Capital fund manager, agrees dwelling on Haiti's problems is thwarting its growth. He adds aid donors play up Haiti's weaknesses to keep funds flowing in, and real forward movement remains unnoticed.

But Haiti is on the upswing. The International Money Fund reported the country's economy ". . . among the fastest growing in the Caribbean" (+4.3% in 2013). Foreign investment has been on the rise from $29 million in 2009 to almost $220 million currently, according to Martelly.

Reply to this article

Read more: michel martelly, New York, Finance

« Moise Jean Charles demands to stop all meetings with Michel Martelly | Main | Opposition senators refuse to meet President Michel Martelly, not a smart move »

Return to Articles List

Leave a Reply

Name (required)

E-mail (required, will not be published)

Subject: Michel Martelly visits Wall Street Journal's New York headquarters edit

» »

Our objective is to share with you news and information about Haiti and the people of Haiti. Traditions, habits and the way we were  or  grew are alive in this site. We highly recommend that you Subscribe to our Newsletter and also share with us some of the things that are memorable and made us unique people.