In all countries of the world economists, farmers and managers are the
professionals most respected and sought after for their academic training and their responsibilities in the prosperity of the world economy because the well-being collective largely depends on them according to the logic of Maslow's theory and the key axiom of FAO: “Man is what he eats”. Unlike other countries, in Haiti politicians leave no space for the development of these skills. They are (politicians) gifted professionals of all intelligences and abilities, of all sciences and disciplines taught across the world, they always have ready-made answers to everything, even astronomy.
They are very efficient … in the inefficiency of their productivity. Their inefficiency has twin effects or even twin deficits on the national economy and the collective well-being of the entire Haitian population (the efficiency of the inefficiency of our politicians directly leads to a budget and trade deficit of the National economy and also a deficit in terms of human development or human well-being). Sometimes they tend to make the real professionals forget about the whole market from the national economy. This keeps us on hold and always forces us to impatiently seek the application of this old adage “you have to put the right man in the right place …”
Hence the need to appoint qualified and competent executives at the head of all
state institutions in the country (all ministries, decentralized bodies and autonomous institutions) who are always locked in a coffin of darkness on the way to the obligatory passage. 
So my dear Haitian friends, let's fight and work together for a prosperous economy (Green Economy and Blue Economy) based on agro-food from modern and sustainable agriculture, that is to say a agriculture:
1) Economically healthy
2) Economically viable
3) Socially equitable
4) humane, which respects the fundamental dignity of every man whatever his race and social rank
5) adaptable, so that communities rural people are able to adapt to the incessant changes in the conditions in which agriculture evolves.
Now what are the steps to be followed to achieve the prosperity of the national economy
in the current context all by explaining our economy of distress?
It is amateurism to explain the current degrading situation the fatality of the national economy
because all the people know very well that Haiti is the poorest country of the western hemisphere
the only developing country in America, with a strong social inequality
resulting in a daily increase in poverty. However, to refresh the memory of our
brothers and sisters on the current economic situation, it is my quick duty to present the
the most frequent macroeconomic indicators of the national economy which unfortunately
are almost all in red: with a trade deficit of more than 3 billion current dollars in 2018, a double-digit inflation rate near 27.5% in July 2020, the GDP
per capita $ 756 with a rate of insignificant GDP growth of 0.9%, more than 2.5 million
inhabitants are unemployed, National savings of nearly one billion current dollars in
2018, Public investment of nearly 91 million current dollars in 2018, Public expenditure
125 784 337 097. 91 gdes in 2018-2019, State revenue 105 807 925 700. 85 gdes in 2018-2019
population growth rate of at least 1 , 5% with a population over 12 million
d 'inhabitant (Source: BRH, World Bank, MEF and IHSI), Not to mention the exponential increase
of slums and food insecurity which explains a chaotic economic situation.
So we need another alternative to get out of distress into a prosperous economy
. What are we going to do now?
If there is no single and universal scientific path to directly achieve a prosperous and sustainable economy, on the other hand we can always use scientific techniques derived from economic theories (linked to a school of economic thought) which are adapted to the reality in which we live, which can help us strive for the prosperity that we have all wanted for more than two centuries. Take as an example the use and application of François Perroux's theory on regionalization and growth poles, the application of which has produced multiplier effects on the World Economy. In fact, all the macroeconomic indicators, all the
aggregates clearly show us that it is not possible to achieve a prosperous economy
in the short and medium term and even in the long term without good governance.
institutional and good socio-economic and political measures in the immediate future so as not to compromise above all, the great take-off of a possible possibility of the implementation of any socio-economic development plan of Haiti which could make Haiti an emerging country in the long term (in 30 years for example)
Here is in a way a procedure containing consistent proposals
for each institution that can be considered as a basis in the current context to establish a solid structure for the lasting prosperity of the national economy (Ceteris paribus).
RECOMMENDATIONS FOR THE BRH
At the internal level of the BRH
After the 4 measures already proposed (the po ints 1 to 4 are already listed in my previous article)
on dollar speculation in HAITI in my previous article, also the BRH must:
5) encourage all the Haitian population in general and financial institutions in
particular to use the forms of cashless and electronic money (us debit card only for
purchase and sale transactions, checks, bank transfer…) for all transactions in US dollars between an economic agent and a supplier domestic or foreign goods or services according to the limit and scales required by law.
6) prohibit all loans in USD dollars (Request for credit in US dollars) to all debtors and other individuals (either by a circular or a presidential decree) in order to considerably reduce the pressure of the dollar on the national market, the exception is made only for the Haitian State (of course the whole, under the supervision of the Bureau of I nformation on the Credit of the
7) supervise, encourage (for technical and financial support in coordination with the National Bank
of agricultural development) national companies working in the primary sector andl 'agrifood (one can always use technical support from the new Banque Nationale de Développement Agricole BNDA or technical support from the FDI).
Require financial institutions to gradually reduce commercial loans on essential products imported from the entire Haitian territory while increasing taxes on them.
8) considerably reduce spending in US Dollars inside the country, especially within the BRH, especially for the replacement of withdrawn notes or coins circulation and printing of new banknotes for the national economy (the total cost of printing coins and banknotes is too high generally spread over several stages). Hence the need to require suppliers of high-end raw materials (of very high quality and safety) for our orders and at the same time to also provide financial education for the entire Haitian population, even for the most inhabitants. the country through the media, cooperatives, local banks, social organizations, schools, churches while highlighting the efficient management of coins and banknotes.
9) strengthen the service inspection and supervision (with more than fifty officers
and field inspectors of the BRH throughout our country) within the Directorate of Supervision of Banks & Financial Institutions and also strengthen the Directorate of
the General Inspectorate of the Caisses Populaires, apart from other inspectors, supervisors and
internal or external auditors from the On-Site Inspection Service (job creation). Their main mission is to daily supervise the reliability of data & information on the foreign exchange market, the procedures and the application of protectionist measures taken by the BRH towards banks, financial institutions, Caisses Populaires and other actors. of the place linked to the financial market throughout the national territory in order to fight
regularly the pressure of demand and speculation of the US dollar in HAITI in the field and / or within financial institutions while taking special account of the informal sector (forex traders, stores, supermarkets, etc.)
10) modify the minimum reserve ratios on liabilities in foreign currencies “US dollar” more precisely and in national currencies “Gourde” for the banking system, that is, i.e. an upward modification for dollar deposits, from 51% to 66%, i.e. an increase of 15% and a downward modification for deposits s in gourdes, from 40% to 30%, i.e. a decrease of 10
% this measure is also valid for non-banking subsidiaries (Source: BRH / DCC / CIRC # 01-20) in order to vary the money supply, to stimulate growth, to stimulate aggregate demand which will directly encourage companies to produce more.
11) use part of the injection of 150 million US dollars first part (i.e. 50 million US dollar) on the exchange market in return for the equivalence in gourdes to reduce the pressure of the dollar on the market and to lower the prices of basic necessities in the very short term for end consumers which is fatal for the national economy and inject a very large part (the remainder: 100 million US dollars) in return for goods and services in the growth sectors for the national economy, in particular in the primary sector (rice, corn, wheat,
millet, beans, etc.) whose finality (the result) will lead to short-term economic growth.
At the Social and Solidarity Economy Level
The BRH must:
12) plan in coordination with the Associations and Federations of the caisses populaires
training on the efficient management of US Dollar deposits (members' deposit) and on Human Resources management (at the structural level) for all the credit unions in the country, as there are shortcomings within the savings cooperatives and view of the current context… .. (Based on my experiences and my survey on the management of US savings accounts in March 2019). They tend
either to keep US dollars in one of the local banks, or to place them in a DAT account at one of the federations (LELEVIER) for a period of 3 to 12 months on average. ….
There is also a vacuum in human resources management (absence of human resources management manual
problem of hierarchical authority “standard organization chart” and irregularities in administrative procedure).
RECOMMENDATIONS FOR THE MCI
The MCI must:
1) Authorize the legal operation of foreign exchange traders and all other operators on the foreign exchange market from the informal sector (MCI) provided with a license of the traveling buyers-sellers of the DGI and an exchange operator badge issued by the BRH ……. (New tax collected and Increase in the tax base)
2) Install an interinstitutional system of computer networks and technologies linking the BRH, the MEF, the Customs, the DGI, the MAE and other foreign economic agents producing goods and services (through bilateral and multilateral agreements).
3) Take into account the real data on the prices of consumer products and services in collaboration with the CNSA, IHSI, MAST in order to set average prices (with floor prices and ceiling prices) according to the reality of the Haitian market while highlighting the markets in the most remote areas of the country (local market, regional market, departmental market, national market …)
conclusion: one cannot build a prosperous and sustainable economy without good
institutional governance and without good efficient socio-economic and political measures.
So act as a man and women of states so as not to compromise the future of
Wake up dear monetary and budgetary authorities of the country to be able to build a sustainable prosperous economy !!!
NB: Stay informed in my next article for other recommendations to other public institutions through a socio-economic development plan for Haiti focused mainly on the national agricultural policy.
Tel: (509) 40 40 47 85
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