Economic Policy in

Economic Policy in the 1990s after the establishment of a democratic government in 1994 led by Catholic priest Jean-Bertrand Aristide and the subsequent military coup to prevent his reforms. The Haitian government demonstrated its commitment to economic reform through the implementation of restrictive fiscal and economic policies and the implementation of laws ordering the modernization of state enterprises. A council was established to lead the modernization program (CMEP) in addition to a schedule made to upgrade nine key parastatals. Although the mills and cement plants were privatized, the privatization of the remaining seven companies froze. Under the first term of President Ren Pr val (1996-2001), the country’s economic agenda included the liberalization of trade and tariffs, measures to control government spending and increase tax revenues, financial sector reform and privatization of SOEs.Structural adjustment agreements with the International Monetary Fund, World Bank, IDB and other international financial institutions are aimed at creating conditions for private sector growth. These measures have been unsuccessful. The popularity and some economic improvement when they were prime minister, led to Preval being elected president for a term of five years after a landslide win in presidential elections on 17 December 1996 with 88 of the popular vote by replacing his fellow Aristide, the second democratic president of Haiti for 200 years. As president Pr val instituted many reforms, among others include the privatization of several government companies, some analysts have suggested that the reason was due to pressure from international agencies like the IMF, due to the severe economic situation in Haiti, who need loans from these agencies .The unemployment rate dropped in his government to a significant but still could be considered high. Foreign aid is critical to future economic development of Haiti, the least developed country in the Western Hemisphere and one of the poorest in the world. Social and economic indicators show that Haiti has fallen behind other low-income countries, particularly in the hemisphere, since it began economic liberalization in the late 1980s. Haiti’s economic stagnation is the result of inappropriate economic policies, political instability, shortage of arable land, environmental deterioration, continued use of inappropriate technologies, lack of public investment in human resources, migration of large groups of qualified people work and a rate weak savings.Haiti is still suffering the aftermath of the 1991 coup and the irresponsible economic and financial policies of de facto governments, which greatly accelerated the economic decline of Haiti. After the coup, the United States have imposed sanctions and the OAS instituted voluntary sanctions, which were intended to restore constitutional government. International sanctions culminated in the seizure by the United Nations to all goods entering Haiti except food and medicine. services range from executive recruitment to corporate governance and CEO recruitment Institute was founded to serve as a premier global voice on a range of talent management and leadership issues The assembly sector, heavily dependent on U.S. markets to sell their products, employed nearly 80,000 workers in the mid-1980s. During the embargo, employment fell from 33,000 workers in 1991 to 400 in October 1994. Local and foreign private investment have slowly returned to Haiti.Since the return of constitutional rule, the assembly sector has gradually recovered and now has more than 20,000 jobs, but continued growth has stalled by investor concernsregarding the safety and reliability of supplies. Although some debate has existed concerning the goodness implemented in Haiti throughout the 1990s, an objective fact is that real per capita GDP continued to decline throughout the decade.