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Context of 'August 1995: Haitian Government Invites Privatization Bids'

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Former Haitian president Jean-Bertrand Aristide promises donors that he will implement neoliberal reforms if he is returned to power. He agrees to a plan calling for the privatization of some state-owned enterprises, including the country’s flour mill, cement factory, and electric company. The plan also requires the removal of import controls, reforming of customs, and the elimination of limits on interest rates. But due to strong domestic opposition, Aristide will not completely follow through with the Structural Adjustment Program once in office. [Inter Press Service, 9/28/1995]

Entity Tags: Jean-Bertrand Aristide

Timeline Tags: Haiti Coup, Neoliberalism and Globalization

The Haitian government solicits bids from investors for the sale of Haiti’s cement factory, flour mill, and its air and seaports. [Inter Press Service, 9/8/1995; Multinational Monitor, 11/2004]

Timeline Tags: Haiti Coup

Haitian Prime Minister Smarck Michel announces that Haiti will continue with plans to privatize nine state-owned companies, though he acknowledges that most Haitians are “against the idea of privatization” and that for many, “the word is a demon.” In an effort to sell the plan to the public the government has been euphemistically describing it as the “democratization of assets.” The privatization scheme—to include Haiti’s flour mill, a cement factory, its air and seaports, telephone exchanges, and electricity—must be implemented in order for Haiti to receive $170 million in structural adjustment loans from the World Bank, the IMF, the Inter-American Development Bank (IDB) and the European Union. The loans are part of a five-year, $1.2-billion aid program (see (October 18, 1996)) which Aristide had tacitly agreed to in August 1994 (see August 1994). [Inter Press Service, 9/8/1995]

Entity Tags: Smarck Michel, Inter-American Development Bank (IDB), International Monetary Fund

Timeline Tags: Haiti Coup

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