On 17 August 2026, Haiti and the Corporación Andina de Fomento (CAF) formalised a bilateral agreement that grants mutual immunities, exemptions and privileges. The pact is designed to facilitate the flow of international capital into Haitian development initiatives that require long‑term financing.
International backing emphasized
Albert Ramdin, Secretary‑General of the Organization of American States (OAS), praised the deal as “historic” on his X account. He underscored that, amid pressing security, humanitarian and economic challenges, Haiti needs reinforced cooperation from the global community to rebuild essential services and generate sustainable opportunities for its population.
The agreement specifically addresses legal and fiscal barriers that have traditionally limited foreign investment in Haiti. By establishing clear frameworks for tax exemptions and diplomatic protections, the CAF‑Haiti partnership aims to make the country a more attractive destination for multilateral and private lenders.
Potential impact on development projects
With the new legal safeguards in place, Haitian authorities anticipate easier access to financing for infrastructure, energy, education and health projects that have been stalled for years. The CAF, a development bank serving Latin America and the Caribbean, is expected to channel resources and technical assistance to support these initiatives.
Ramdin’s statement also highlighted the broader regional context: “The urgency of Haiti’s security, humanitarian and economic crises calls for a coordinated response. This agreement is a concrete example of how international partners can work together to restore services and create real opportunities.”
While the details of forthcoming projects remain to be announced, the partnership signals a shift toward more structured and predictable investment conditions in Haiti, potentially paving the way for larger, multi‑year development programs.
Source : AlterPresse
AlterPresse
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