Economic Recovery Strategies Discussed by Minister Monazard in Haiti

On March 13, 2025, Haiti’s Minister of Commerce and Industry, James Monazard, discussed key factors for economic recovery, emphasizing job creation, support for youth and women, and the importance of tourism and technology. He outlined various initiatives, including the reactivation of the Youth Entrepreneurship Support Program and infrastructure investments, aiming to foster local business growth and attract investment.

On March 13, 2025, at the Karibe Convention Center, Minister of Commerce and Industry James Monazard participated in a panel discussion on economic recovery organized by the American Chamber of Commerce in Haiti. He was joined by various officials, including Alfred Mettelus, the Minister of Economy and Finance, and Ronald Gabriel, the Governor of the Bank of the Republic of Haiti. Minister Monazard stressed the urgent need for job creation as a key driver in combating the economic decline Haiti has faced for the past six years.

To address the pressing issue of employment, Minister Monazard outlined initiatives by the Ministry targeting support for young people and women. He announced plans for students in finance and economics to assist small and medium-sized enterprises with financial backing. He also discussed the importance of adapting infrastructure in major regions, namely the North and South, to attract investment, referencing projects like the Antoine Simon International Airport in Les Cayes.

Recognizing the significance of technology, Minister Monazard pledged to advocate for updates to commercial laws that would integrate regulations for digital commerce. Additionally, he underscored the potential of the tourism sector, calling for serious engagement to stimulate economic recovery.

During the “Tuesdays of the Nation” on March 11, Monazard unveiled various support programs, including the reactivated Youth Entrepreneurship Support Program (PAPEJ), which has garnered interest with over 850 business plans submitted since its relaunch in December 2024. The Minister also emphasized his commitment to supporting sectors such as shoemaking and sewing to stimulate local economies.

Moreover, he reaffirmed the government’s dedication to renewing the HOPE/HELP Act, which is vital for enhancing access for Haitian products in the American market. Monazard concluded by reiterating his commitment to market regulation, local business support, investment attraction, and the promotion of a stable and competitive business environment for Haiti.

In summary, Minister James Monazard’s discussions highlighted the crucial factors for Haiti’s economic recovery, emphasizing job creation and youth entrepreneurship. His plans to revitalize various sectors, from tourism to technology, alongside commitments to support local businesses and improve infrastructure, underscore a comprehensive approach toward stimulating sustainable economic growth.

Original Source: www.haitilibre.com