World Bank Report Outlines Haiti's Economic Potential Amid Rising Risks
The World Bank Group has released a new report titled 'Haiti - Pathways to Growth Amid Rising Risks,' which provides an in-depth assessment of Haiti's economic situation. Despite facing consecutive years of economic challenges, the report highlights Haiti's genuine strengths that could support sustainable recovery and create better opportunities and jobs for its population. These strengths include a young, growing, and competitive workforce, and an advantageous geographic location near major markets. The agricultural sector, which employs nearly half of the working population, is also identified as having strong potential, particularly in high-value export crops such as cocoa, vetiver, mangoes, and coffee, though it currently receives less than 1 percent of formal credit. The report emphasizes that realizing this potential requires decisive action to address structural challenges.
