The Economic Impact of Small Business in Haiti

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Haiti is referred to as the sick man of Caribbean and it is no surprise to say that the Haitian economy is at its lowest level, Small and Medium-sized Enterprises can hardly be seen in the Haiti landscape.

How can you possibly do business in a country with interest rate of as high as forty percent (40%) annually, where inflation rate is more often than not double digit, where capital flight instead of foreign investment infusion is the order of the day, and where political instability added to the chaos of the times?

Small and Medium-sized Enterprises (SMEs) are generally one of the main drivers of the economic recovery, because SMEs contribute substantially to GDP and account for a large number of jobs for local people.

Access to financial sources is important to the operations of firms, especially for newly established SMEs which don

Michelet Montina, June 14 2009, 12:42 PM

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