Minister James Monazard discussed key factors for Haiti’s economic recovery, including job creation, infrastructure investment, and youth entrepreneurship initiatives during a panel at the Karibe Convention Center. He emphasized technology’s role in commerce and outlined plans for tourism sector enhancement and support for local businesses.
On March 13, 2025, Minister James Monazard of Commerce and Industry participated in a panel discussion on economic recovery at the Karibe Convention Center. Moderated by economist Etzer Émile, the event included key figures such as Minister Alfred Mettelus and Governor Ronald Gabriel. Monazard identified job creation as essential for combating Haiti’s ongoing economic decline, which has persisted for six years. He underscored the urgency of addressing unemployment, especially among youth and women.
Monazard announced initiatives by the Ministry to facilitate support for small and medium-sized enterprises, with a focus on engaging students from finance and economics backgrounds. In addition, he pointed out the government’s commitment to regional infrastructure development, aiming to foster investment in areas like the North and South of Haiti, highlighted by projects such as the Antoine Simon International Airport in Les Cayes.
The Minister further acknowledged the importance of technology in commerce, vowing to promote updates to commercial laws for regulating digital transactions. He emphasized the potential of the tourism sector, advocating for strategic measures to bolster this area, given Haiti’s favorable climate for tourists.
On March 11, 2025, Monazard had previously highlighted several programs aimed at economic support during the “Tuesdays of the Nation”. The Youth Entrepreneurship Support Program (PAPEJ) was reactivated, and he reported receiving over 850 business plans since its relaunch in December 2024, indicating a growing interest in entrepreneurship among young Haitians.
Moreover, Minister Monazard expressed dedication to the craft sector through support programs, particularly in shoemaking and sewing, and emphasized the need for the Haitian government to renew the HOPE/HELP Act, facilitating access for Haitian products to the American market. He concluded with assurances of continued efforts to stabilize the market, support local enterprises, attract foreign investments, and cultivate a competitive business environment.
The discussion led by Minister Monazard highlighted critical elements for Haiti’s economic recovery, focusing on job creation, support for entrepreneurs, and the revitalization of key sectors such as tourism. His commitment to updating commercial laws and regional infrastructure investment aims to stimulate sustainable growth. The reactivation of youth entrepreneurship initiatives reflects a positive response to economic challenges, while regulatory support for crafts shows a comprehensive approach to economic revitalization.
Original Source: www.haitilibre.com
