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HAITI | One of the “riskiest” countries in the world to do business

Featured Lines outside of money transfer agencies in Port-Au-Prince Haiti, where remittances are a major portion of national income. Lines outside of money transfer agencies in Port-Au-Prince Haiti, where remittances are a major portion of national income.
PORT AU PRINCE, Haiti, May 11, CMC  – Haiti has been listed along with Venezuela as one of the riskiest countries in the world to do business.

This is according to a new study published by property insurance group FM Global, based on data from the International Monetary Fund (IMF), the World Economic Forum and the World Bank.

HaitiThe French speaking Caribbean country’s rank of 130  has been attributed to the deaths of more than 1,000 people when Hurricane Matthew struck a section of the country last October.

On the other hand, the study found that Switzerland is the safest destination in the world for business.

FM Global says the Alpine country “among the best in the world for its infrastructure and local suppliers, its political stability, control of corruption and economic productivity”.

Concerning cyber-crime, FM Global said this was another driver factor of risk in the 2017 ranking.

The study found that in general, countries ranking high in internet penetration and low in civil liberties were most at risk of succumbing to a cyber-attack, which in turn would place them further down the overall ranking.

The four countries ranking lowest in the index for inherent cyber risk were Saudi Arabia, ranked 56th out of 130 in the overall index, Bahrain, ranked 44th, United Arab Emirates, ranked 32nd and Qatar, ranked 13th.

Last modified onFriday, 12 May 2017 06:52
  • Countries: Haiti