Can Haiti turn the page from charity to business investment?

Insight

Haitian peopleA Haitian youth sees his reflection in a broken mirror as he combs his hair in the Jalousie neighborhood of the Petion Ville commune in Port-au-Prince, August 28, 2014. AFP PHOTO/Hector RETAMAL

The International Monetary Fund agreed to give Haiti more time to get its fiscal house in order. The Haitian government has until the end of the year to make more reforms. CCTV America’s Mike Walter Reports.

Part of a $268 million payout from the IMF is at stake. That money is just part of the growing investment in Haiti.

After the devastating earthquake in Haiti in January 2010, crime soared, unemployment sky-rocketed, and investment dwindled. In the wake of that earthquake, Haiti was dubbed the “NGO capital of the world.”

Follow Mike Walter on Twitter @mikewaltercctv

The World Bank approved more than $900 million toward Haiti’s recovery and development. To date, a little more than half has actually been delivered. The big challenge now for Haitian leaders has been turning the page from charity to business investment.

Hover over chart for data points. Click on key to turn series on/off.

The Haiti Renewal Alliance is a non-profit organization, on the front lines of creating jobs and building the Haitian economy. Its recent expo in Washington, D.C. brought together the brightest minds on Haiti.

One place the Haitian government is looking for investment is with the Haitians living abroad. The so-called Haitian diaspora contributes about two billion dollars annually to the Caribbean island. They also still have little influence on Haitian politics.

The leaders of Haiti’s government, all the way up to the President and Prime Minister, have been meeting with Haitians abroad, including in South Florida. CCTV America’s Nitza Soledad Perez reports.

Follow Nitza Soledad Perez on Twitter @NitzaSoledad

People around the world have an interest in Haiti’s recovery, and that includes some who aren’t Haitian.

Jack Brewer is known in the United States for his career in professional American football, but he is also an accomplished entrepreneur. Through the Jack Brewer Foundation, he has helped impoverished countries in some incredible ways.