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La Gonâve Financial Center not bad, but risky says Minister Bastien

M NH

Haiti Beat Writer

PORT-AU-PRINCE, Ouest, HT (sentinel.ht) – Finance Minister Bastien said Monday that the La Gonave International Financial Center is not necessarily a bad initiative, but for the risk of establishing a foreign institution without the certainty of control over its operations in the country.

Responding on Monday to questions from the Haitian Press Agency (AHP) regarding the Council of Minister’s suspension of activities of the project, he held to explain that the initiative was going to also create a tax haven for foreigners to operate.

All measures that were to lead the formal establishment of the International Financial Centre of the Island of Gonâve were suspended, the minister reiterated on Monday. Minister Bastien also informed that a bill was introduced in Parliament to bring back the Decree of December 9, 2015 creating the Center.

Regarding the pretext, he said the council’s decision to suspend the operations of its implementation is justified by the need to avoid any suspicious transactions as the country is at risk of international banking restrictions.

Yves Romain Bastien has again stressed that the country is at risk of being isolated by its international partners on the economic and financial level, if concrete steps are not taken to strengthen the fight against money laundering and terrorism.

The Minister expressed hope that the bill tabled in Parliament on this issue will soon be approved by both chambers, emphasizing the seriousness of the sanctions to which the country is exposed to.

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