Financial Viability in Haiti

Haiti’s financial situation is slowly improving. The earthquake of 2010 had a tremendous impact, but with the help of international funding from other countries, Haiti is in the process of rebuilding itself. For example, with the help from the World Bank they have housed and equipped the Ministry of Economy and Finance and Tax Office (over 500 staff). This allows salaries to be paid, revenues to be collected and economic governance efforts to continue. The GDP real growth rate for Haiti as of 2011 was 6.1%. Following the earthquake in 2010, the GDP for Haiti was -5.4%. Furthermore, the GDP purchasing power parity was 12.44 billion in 2011. The government of Haiti is hopeful that with the help of those in the World Bank that their financial stability will eventually be where it was before the earthquake.