Clothes don’t cover Haiti’s problems
The country’s poverty is in marked contrast to the relative affluence of its neighbours. It needs access to finance beyond disaster relief. But can banks make a business case for a nation in such poor repair?
Grupo M's factory at Codevi, near Ouanaminthe
THE PLACES THAT
It’s an understatement to say that the island of Hispaniola in the Caribbean is one of contrasts. The land mass contains two countries – the Dominican Republic and Haiti.
The former has been one of the fastest growing economies in Latin America for 20 years – GDP growth averaged around 5% during that period – and it has a strong business and finance community.
The international investmentcommunity has followed its international bond deals down in yields, out in tenors and even into local currency-denominated transactions.