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Bill Clinton to lead investor mission to Haiti

By Jane Sutton
/ Source: Reuters

By Jane Sutton

Former U.S. President Bill Clinton said Sunday he would lead an international trade mission of private investors to Haiti in October to pursue energy and other development amid signs the nation is stabilizing.

Clinton burnished his credentials as an elder statesman last week when he visited North Korea to retrieve two American journalists who had been held in the communist-ruled Asian nation and met with its reclusive leader Kim Jong-il.

But he did not mention North Korea during Sunday's speech to the Haitian Diaspora Unity Congress in Miami.

In his first major address to the Haitian diaspora since becoming UN special envoy to Haiti, Clinton said stability had improved in the troubled Caribbean nation, providing new opportunity for foreign investment.

"I think we are really on the verge of being able to make some significant changes," Clinton said.

Deeply impoverished Haiti was plagued by coups and sporadic unrest for much of the 1980s and 1990s. UN peacekeeping forces have been helping maintain order in the Caribbean nation since the last revolt in 2004.

But United States, Canada and other nations have recently eased their travel warnings for Haiti in recognition of improving security, while the Haitian government has streamlined the approval process for business ventures, Clinton said. The World Bank and International Monetary Fund granted Haiti $1.2 billion of debt relief in June, helping ease its financial burden.

Clinton said his investor mission would focus on agriculture, construction, textiles and energy, citing examples that ranged from increasing Haiti's mango exports to developing affordable fuel.

Electric power is scarce in rural areas and the cutting of trees to make charcoal has led to deforestation in Haiti.

As an example of projects rife for further investment, he described a recycling program that turns paper and sawdust waste into cooking fuel that sells for one-fifth the cost of charcoal.

Clinton also said Brazilian investors whom he did not identify had expressed interest in expanding sugarcane-to-ethanol production to new areas outside Brazil, and that it was "a real possibility" for Haiti.

He also promised to "hector every last dime" out of donor nations that had yet to deliver money they pledged for Haiti.