Tuesday, November 16, 2010

New York Times Haiti

After the earthquake in Haiti and natural disasters before, the impact is staggering on Haiti's banks and damages on the capital, Port-au-Prince. If the Haitian economy can improve, other problems can most likely be fixed also. Haitian microbanks are expanding and still providing loans for people. Losing a third of its clients, the Finca Haitian bank gained more with grants from the Citibank Foundation. I believe that America and other countries could help as humanitarians by lending money as well. The government in Haiti is expecting new banking regulation so the industry has a chance of improving.

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