Guest on the show Panel Magik on Magik 9 on July 6, 2026, Robert Paret Junior, CEO of ProFin, called for directing more national savings towards productive investments, arguing that the main obstacle to Haiti’s economic development is not the lack of resources, but their poor allocation.
Guest on the show Panel Magik on Magik 9 on July 6, 2026, Robert Paret Junior, CEO of ProFin, called for directing more national savings towards productive investments, arguing that the main obstacle to Haiti’s economic development is not the lack of resources, but their poor allocation.The diagnosis is made bluntly. “In Haiti, we have a big problem with financing the economy, but especially a problem with investment,” said Robert Paret Junior. The Haitian banking system holds a large amount of deposits (around 611 billion gourdes) but only a small portion of these resources goes back to businesses in the form of productive financing. “Only twenty gourdes out of every hundred deposited in banks make their way back into the economy as credit,” he explained. The rest is directed toward instruments related to monetary policy or Treasury bills, thus limiting the financing options for companies looking to invest or grow their activities.
Still, Robert Paret Junior refuses to limit the analysis to a critique of the banking sector. “We can’t just blame the banks. They manage public deposits in an environment marked by insecurity, economic instability, and significant regulatory requirements,” he emphasized. Banks operate under real constraints, and the problem is more structural than institutional.The solution, according to the person in charge at ProFin, lies in diversifying Haiti’s financial system. “The key to boosting investment in Haiti is giving economic players the ability to access the financial services available,” he explains. Household savings that don’t circulate don’t fund the economy and earn very little, while the general public still doesn’t have full access to instruments like Treasury bonds, despite an ongoing expansion program. He supports the development of capital markets, expanding financial products available to the public, and creating mechanisms that can channel savings into productive sectors.No economy in the world has grown on credit alone. Investment is an essential prerequisite for the development of solid companies,” said Robert Paret Junior. For him, a modern economy must be able to count on companies with permanent capital to invest in the long term. Bank credit remains important, but it must be complemented by investments capable of supporting the growth of companies over the long term.
Basically, he’s calling for a change in how we think about saving. Not just a simple financial stash, but a strategic tool that can fund national production and job creation. A transformation that, according to him, is essential if Haiti wants to build sustainable growth.
