Will China invest $30 billion in Haiti?

The People’s Republic of China is preparing to carry through with plans to invest a massive US$30 billion in developing Haiti’s infrastructure, including power plants, sanitation works, water systems, railways, affordable housing, and marketplaces, in an agreement that is expected to have a major social, economic, and developmental impact.

This week, workers have started to be contacted for the approximately 20,000 jobs needed to carry out the ambitious initiative, Haitian press has reported.

Here is further information.  To put the sum in perspective, Haitian gdp is about $8 billion at market exchange rates.


Comments for this post are closed