Skip to main content

How Haiti becomes the poorest country in the western hemisphere

How Haiti becomes the poorest country in the western hemisphere

The mistake that puts Haiti in the class of the poorest nations on earth started with a sneaky move by the World Bank and the International Monetary Fund.

You see. The plan of the World Bank and the International Monetary Fund after World War Two was to make the world a better place. To be honest, this objective looks great on paper, but the end result of their practices in dealing with poor yet resourceful nations like Haiti is purely evil.

Anyone who believes otherwise is a fool because there are too many countries that can be used as evidence. Their systems of loan’s conditionalities are not created to maintain accountability. They use them to pillage resources and destroy poor countries economic and national sovereignty.

It has been 72 years since the establishment of the IFIs. Their goal was to make the world a better place. What have we seen instead is chaos, carnage, and greed to the highest level.

The poverty gap has grown larger while the rich nations get exponentially richer. The unsustainable banking system of the IFIs is at the heart of the problem.

Here is how the World Bank and the International Monetary Fund destroyed Haiti

why is haiti a failed state
Haiti was once a rich self-sustaining rice producer.
Before the 80s, Haiti was a thriving export of sugar, cacao, coffee, and many other raw materials. She was self-sustaining. Haitians had livestock such as pigs and chickens. Haiti produced enough rice in those days to sustain herself.

The country was fine until the government was forced by the US to take a few loans from the World Bank and the IMF in the 80s. Almost immediately the country was gone through a spiral of rapid economic decline that no one has ever seen before. Today Haiti is the poorest country in the western hemisphere.

How the hell did a self-sustained nation becomes a foreign aid dependent in less than two decades?
Well, here is how it happens.

The International Monetary Fund's conditionalities for borrowing money stipulate countries that want to borrow money must accept and implement immediately its four most destructive conditions. So Haiti did exactly that. It implemented a lower tariff on imports, trade liberalization, deregulation, and privatization of state enterprises.

Haiti used to charge a tariff of 35% on imported rice but drop the rate to less than 5%. Every restriction on foreign goods was completely eliminated. Moreover, the government liquidated all its assets. This why you no longer have Ciment d'Haiti, Teleco, etc.

Now the door was wide opened, so the United States, France, and Germany (top IFIs partners) littered the Haitian market with cheap subsidized rice, beans, and other goods which destroyed the local rice market and put 50% of people out of work.

The blow that buries the nail in the coffin

Haitian pigs
All Haitian pigs were killed and replaced with foreign ones.
Then they launched a livestock killing campaign and get rid of all Haitian pigs and chickens. In addition, all of sudden the raw materials and the leftover agricultural products Haiti used to export were declared unsafe by the USDA. That was the final nail in the coffin.

Today Haiti imports almost everything it needs from IFIs partners, the local economy is destroyed, agricultural production is gone, and now the government is completely controlled by NGOs.

All of these things happened partly because of the World Bank and the International Monetary Fund practices and governance. Their reputation proceeds them everywhere they go. Haiti is just another victim added to the long list.

References

  1. Aida Parker (2017). The Haitian Holocaust.
  2. Milo Milfort (2016). The foreign roots of Haiti’s hunger
  3. Amy Wilentz (2015). How America and the Rest of the World Ruined Haiti
Incomming search keywords: how did Haiti become so poor? | Why is Haiti so poor and the Dominican Republic is not? | Haiti poverty statistics | why is Haiti a failed state? | Poverty in Haiti facts | How can Haiti get out of poverty? | Haiti was once a rich country.

Popular posts from this blog

Sak Pase: What it means and how to respond properly

Sak pase and nap boule? Where and from whom have you heard those expressions from?
Many of you know those phrases as Haitian expressions, but unfortunately you do not know what they mean or how to respond.
Today, in this post, I'm going to teach you everything you need to know about the expressions "sak pase and nap boule", what they mean and how to use them properly. What does "sak pase" mean?"Sak pase" is a Haitian Creole phrase that literally means "what's up". Notice, it's not one word. It's two. You can use it in conversation with your friends and most people you know, but in formal situation you will need to use different expressions which I discuss below.
What does "nap boule" mean?"Nap boule" is a Haitian Creole phrase that means "I'm fine, or I'm okay". It is the response you will give to the person who ask you "sak pase?" If this is the case, then why do you keep hearing peopl…

Haiti oil reserves are now worth $120 billion

Haiti oil reserves are now worth $120 billion US dollars. Is this true? Read on to discover the shocking truth. It's unbelievable!

They say “Haiti is the poorest nation in the western hemisphere." Is that true? No. The media love to tell that lie, but it is totally false. But why?

Here is why: Haitians are poor; however, the land of Haiti is rich with natural resources. Foreign nations have unleashed huge media propaganda campaigns to paint Haiti in strongly negative lights so everyone believes their lies while they are stealing the precious wealth of Haiti.

SEE ALSO:The nightmare of $13 billion dollars of Haitian donations in the hands of the Clintons will break your heart

Folks here is the truth: Haiti’s oil reserves are now worth $120 billion US dollars. That means the country of Haiti is among the ONE percent wealthiest nations on earth with its oil resources.

Let me assure you that this is not a fairytale story. But I have to confess that I did not believe it when I firs…

Watch kanaval Haiti 2017 live online

We have seven websites you can visit right now to watch the 2017 Haitian carnaval live. You can also listen to more than 500 canaval tracks from President Martelly to Don Kato here on HaitiNewsHaiti. Just click the play button below epi mete gouyad nan ren'w

NOTE: You don't have to pay expensive cable bill for channels you barely watch. You can watch all new and unlimited hot movies online right now.
When is Haiti's 2017 Carnaval? Haiti national carnival is taking place maybe in Port-Au-Prince in 2017. The dates (3 jour gras) might be the 7, 8, and 9 of February 2017.

The theme for that year might be: ("Haitien ann vanse pou pi devan"). We will update you once we get the info.
Listen to Haiti kanaval 2017 Tracks Live
7 Websites to stream Haiti Kanaval 2017 live Free To watch the 2017 carnaval live on the internet below is a short list of working websites. There was no problem with the links at the time of our test. Report to me any issue you may find.

NOTE: Please…