Clothes don’t cover Haiti’s problems

Grupo M's factory at Codevi, near Ouanaminthe

IMF SPECIAL: THE PLACES THAT FINANCE FORGOT

The places that finance forgot Kurdistan readies for post-ISIS future Laos's past is its present Clothes don't cover Haiti's problems Liberia sees a second chance The curse of Ebola Liberia's missing millions Non-recognition gives Kosovo a headache Algeria's battle for modern banking

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.

Meanwhile, Haiti is the poorest country in the western hemisphere. Per capita GDP is $1,800 (the Dominican Republic’s is $17,000), putting the country 213th in the world, according to US government statistics.