Minister James Monazard addressed economic recovery strategies during a panel discussion in March 2025, emphasizing job creation and support for small businesses. Initiatives include collaborating with students, improving infrastructure, updating commercial laws, and revitalizing the tourism and craft sectors. Monazard reaffirmed the government’s commitment to supporting local businesses and attracting investment for sustainable growth in Haiti.
On March 13, 2025, Minister of Commerce and Industry James Monazard participated in a panel discussion at the Karibe Convention Center, which focused on Haiti’s economic recovery. He addressed vital challenges and opportunities alongside key figures such as Alfred Mettelus, Minister of Economy and Finance. Monazard emphasized that job creation is essential for combating the ongoing economic decline that Haiti has faced for over six years.
Monazard outlined initiatives by the Ministry to tackle urgent economic needs, particularly for youth and women. He also announced that students in finance and economics will assist small and medium-sized enterprises, which will receive financial backing from the Ministry. Additionally, plans for infrastructure improvements in Haiti’s North and South regions were discussed to support major investment projects.
The Minister acknowledged the need for updated commercial laws to regulate digital commerce, reflecting the importance of technology in business today. Furthermore, he stressed the tourism sector’s potential, citing Haiti’s favorable climate as an attraction for visitors. Monazard called for serious attention towards tourism to aid the country’s economic revival.
During the “Tuesdays of the Nation” event on March 11, Monazard introduced programs designed to support the economy, including the Youth Entrepreneurship Support Program (PAPEJ), which revitalized after a six-year break. He reported that over 850 business proposals have been submitted since its relaunch in December 2024, highlighting the rising interest in entrepreneurship among young people.
Additionally, he expressed dedication to supporting the craft sector through initiatives for shoemaking and sewing. In light of economic challenges, Monazard indicated the government’s commitment to renewing the HOPE/HELP Act, which is vital for facilitating Haitian products access to the U.S. market. He concluded by reiterating his commitment to market regulation, support for local businesses, attracting foreign investment, and fostering a competitive business environment.
In conclusion, Minister James Monazard has outlined a comprehensive strategy for economic recovery in Haiti, focusing on job creation, support for entrepreneurship, and revitalizing key sectors like tourism and crafts. His initiatives aim not only to address immediate economic needs but also to establish a sustainable framework for growth, enabling young people and women to play a pivotal role in reversing the country’s economic decline. Through collaborative efforts and updates to commercial practices, Haiti aspires to create a more vibrant and competitive marketplace.
Original Source: www.haitilibre.com
