Haiti’s Economy In A Spot Of Bother

The Bank of the Republic of Haiti is lamenting the economic conditions in the country.

It notes that business activities are at an all-time low due to the breakdown of security conditions and the continued lack of fuel.

In its review of the first quarter of the 2021-22 fiscal year, the central bank said this situation affected the production of goods and services and further reinforced the wait-and-see posture of economic agents.

Imports amounted to US$293.78 million, down by 5.69 percent compared to July 2021, while exports increased by 25.68 percent compared to July to reach US$130.72 million.

The central bank said the outlook for the Haitian economy in 2022 remains mixed.

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Edited by Jesus Chan

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