Haiti is the poorest country in the Western Hesmisphere.
Haiti's total external debt is estimated at 1.4 billion dollars, including half a billion dollars to the Inter-American Development Bank, Haiti's largest creditor. In April, Haiti qualified for the IMF and World Bank debt relief initiative, but under the program, Haiti will not formally qualify for relief until 2009 at the earliest and will be contingent on Haiti's implementation of IMF and World Bank conditionalities. The initiative also excludes debt owed to the Inter-American Development Bank.
The IMF estimates real GDP was flat in FY 2003 and projects 1% real GDP growth for FY 2004. However, GDP per capita-- $425 in FY 2002-- will continue to decline as population growth is estimated at 1.3% p.a. While implementation of governance reforms and peaceful resolution of the political stalemate are key to long-term growth, external support remains critical in avoiding economic collapse. The major element is foreign remittances, reported as $931 million in 2002, primarily from the U.S. Foreign assistance, meanwhile, was $130 million in FY 2002. Overall foreign assistance levels have declined since FY 1995, the year elected government was restored to power under a UN mandate, when over $600 million in aid was provided by the international community.
2006-10-30 12:22:43
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answer #1
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answered by nonconformiststraightguy 6
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My country, Haiti is very poor, the fact is, most people living here live in poverty. Haiti is the poorest country in America. Here's a link to see what the cia world factbook has on Haiti.
https://cia.gov/cia/publications/factbook/geos/ha.html#Econ
I also want to say something regarding what peter m just said about begging. I've live here all my life and I'm haitian, it's been years since beggars have been approaching me daily and I mean daily, anytime they get a chance, whether I'm in a vehicule or just walking down the streets, and that 's just the visible part of the iceberg. With the years, the number of beggars has increased considerably. But of course most people in need don't beg.
2006-11-01 04:00:52
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answer #2
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answered by mjasmin_ht 4
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The average person in Haiti lives on less that $300 per year.
2006-10-28 18:25:07
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answer #3
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answered by mightymite1957 7
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I just got back from having a holiday in Port au Prince, and must say that yes the people are economicaly poor, many not knowing when they are going to eat next. But the Haitians are one of the richest when it comes to pride, holding their heads up high even through these hard times. In fact I was really surprised how little begging there is there compared to richer countries..... it was almost non existant!!!
2006-10-31 10:38:14
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answer #4
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answered by peter m 1
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Haiti replace into concern to harsh exploitation via French colonists till 1805. Haitians have been the only indigenous inhabitants that effectively expelled their slave masters. there replace right into a legacy of brutality and slavery, yet not of self-government, entrepreneurism and practise. nevertheless Haiti produces at the instant high quality paintings, dance and song. a similar is real of many African worldwide places. to assume that melanin in the exterior determines intelligence and ability isn't only ignorant, yet racist.
2016-10-16 12:34:32
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answer #5
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answered by ? 4
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Extremely poor... not as poor as Ethiopia (I think thats how its spelled)... but very poor. There are some rich people over there - but the rich get richer while the poor get poorer. (Yeah... I know thats not a real word.)
2006-10-28 18:23:16
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answer #6
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answered by Ashley P 6
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