Haiti’s Economic Recovery: Minister Monazard Addresses Key Initiatives

Minister James Monazard discussed vital factors for economic recovery in Haiti during a panel on March 13, 2025. Emphasizing job creation, he introduced initiatives supporting small enterprises and youth entrepreneurship, while highlighting infrastructure projects and the tourism sector’s potential. Monazard also advocated for updated digital commerce laws and a renewed commitment to the HOPE/HELP Act to enhance market access for Haitian products.

On March 13, 2025, a panel discussion took place at the Karibe Convention Center, organized by the American Chamber of Commerce in Haiti (AmCham). Minister James Monazard of the Ministry of Commerce and Industry, along with key officials including Alfred Mettelus and Ronald Gabriel, discussed critical factors necessary for Haiti’s economic recovery. Central to the discussion was the urgent need for job creation to combat the ongoing economic decline, particularly impacting youth and women.

Minister Monazard described multiple initiatives his Ministry is undertaking to address these challenges. He announced that students studying finance and economics would assist small and medium-sized enterprises receiving financial support, calling preparations to adapt major infrastructures in the North and South regions integral for future investments. Notable projects mentioned include the Antoine Simon International Airport in Les Cayes and other unnamed initiatives underway.

Recognizing the role of technology, Minister Monazard committed to advocating for updates to commercial laws to better regulate digital commerce in Haiti. He underscored the tourism sector’s potential profit, emphasizing that it requires serious attention to stimulate the national economy’s recovery.

On March 11, 2025, in a session titled “Tuesdays of the Nation,” Monazard discussed programs to bolster the economy, notably the reactivated Youth Entrepreneurship Support Program (PAPEJ). Since its relaunch in December 2024, over 850 business plans have been submitted, demonstrating significant entrepreneurial interest among youth. Furthermore, the Minister expressed dedication to enhancing the craft sector, especially through support programs for shoemaking and sewing.

Lastly, Minister Monazard affirmed the government’s commitment to renewing the HOPE/HELP Act, facilitating Haitian product access to the American market, while also emphasizing the importance of establishing a stable, competitive business atmosphere that supports local enterprises and attracts investment.

In conclusion, Minister James Monazard’s recent discussions highlight several strategic initiatives aimed at revitalizing Haiti’s economy, particularly through job creation, technological regulation, and tourism enhancement. His commitment to supporting young entrepreneurs through programs like PAPEJ and advocating for essential legislation reflects a proactive approach to addressing economic decline. The emphasis on infrastructure development and market regulation further positions the Haitian government to foster a conducive environment for investment and business growth.

Original Source: www.haitilibre.com