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Haiti - Economy : Nearly 250 executives left the banking sector and Haiti in 2023
06/01/2024 09:09:39

Ronald Gabriel, the Governor of the Bank of the Republic of Haiti (BRH) expressed concern about the drain of skills in the Haitian banking system.

He confirmed that president of 250 executives have already left the banking sector and Haiti in 2023. Departures motivated not only by insecurity, but also by the search for opportunities abroad, offering better living conditions in particular in Canada and the United States.

Governor Gabriel stressed "[...] The massive movements of Haitian citizens have serious repercussions on the economy, because they take with them sums of money that could be invested locally. Furthermore, it creates an intellectual vacuum in universities and institutions, depriving the country of qualified professionals."

Faced with this situation, he underlined the urgency of addressing these complex challenges and finding solutions to stem the brain and capital drain that are hampering Haiti's economic development.

TB/ HaitiLibre