On March 13, 2025, Minister Monazard discussed vital factors for Haiti’s economic recovery, emphasizing job creation, the importance of technology, and support for tourism. Initiatives include aiding small businesses, updating commercial laws, and reviving the Youth Entrepreneurship Program. The government aims to foster a stable business environment through specific infrastructure projects and support for local crafts.
On March 13, 2025, during a panel discussion at the Karibe Convention Center moderated by economist Etzer Émile, James Monazard, Minister of Commerce and Industry, addressed essential factors for Haiti’s economic recovery. Alongside other officials, he underscored the critical need for job creation to reverse the economic decline experienced over the past six years. This focus is particularly acute for youth and women, who are significantly impacted by the economy’s challenges.
Monazard shared initiatives from the Ministry aimed at boosting job creation, including a program allowing students in finance and economics to assist small and medium-sized enterprises (SMEs). He also mentioned a plan for regional budget allocation, stating that infrastructure projects in the North and South will be tailored to attract investments, similar to existing developments in the West. One such project highlighted is the Antoine Simon International Airport in Les Cayes, with others in progress.
Acknowledging the crucial role of technology in commerce, Minister Monazard pledged to advocate for updated commercial laws regulating digital transactions, benefiting internet users in Haiti. Furthermore, recognizing the potential of the tourism sector, he stressed the necessity of enhancing this industry to aid economic recovery, given Haiti’s favorable climate for visitors.
On March 11, 2025, Monazard also presented various supportive programs during the “Tuesdays of the Nation,” aimed at rejuvenating the national economy, notably the Youth Entrepreneurship Support Program (PAPEJ), which has seen over 850 business plans since its relaunch in December 2024. This reflects the growing enthusiasm among the youth for entrepreneurship.
Additionally, Monazard highlighted support for the craft sector, particularly shoemaking and sewing, and emphasized the government’s commitment to revitalizing the HOPE/HELP Act to improve access for Haitian products in U.S. markets. He concluded by reaffirming his dedication to market regulation, local business support, attracting investments, and establishing a competitive business environment in Haiti.
The discussion led by Minister Monazard underscored the urgent need for job creation and technological advancements as pivotal strategies for Haiti’s economic recovery. With initiatives aimed at supporting SMEs, enhancing tourism, and revitalizing key sectors, the Ministry of Commerce and Industry is committed to driving economic growth and stability. The reinstated Youth Entrepreneurship Support Program, combined with strategic infrastructure projects, reflects a comprehensive approach to address the vital economic challenges facing Haiti today.
Original Source: www.haitilibre.com
