Haiti: new management, same problems
Controversial President-elect Jovenel Moise will be sworn in on Tuesday. His election last November set off a spate of protests amid allegations of money laundering and voter fraud. While these charges have been discredited, the turbulent election suggests Haiti’s chronic political instability is likely to continue under the new administration.
To lead Haiti towards prosperity, the new president will have to address rampant corruption. Wary of the hefty fines imposed for dealing with money launderers, many international lenders refuse to deal with Haitian banks. This has increased the cost of loans slowed economic activity.
More uncertain is Haiti’s relationship with its largest donor – America. President Trump’s plan to cut aid will hit Haiti hard. On the other hand, the potential for cooperation on repatriating thousands of illegal Haitian immigrants residing in America may see Haiti’s government receive economic assistance.
With Moise envisioning Trump as a kindred spirit, Haitian-American ties could either jeopardise or guarantee Haiti’s future prosperity.