AmCham’s Participation in the Launch of the Security Crisis Assessment Report (RCIA)

On December 16, 2024, Mrs. Andress Apollon and Mr. Jude Jean-Baptiste represented AmCham in a virtual Meeting hosted by the Ministry of Finance and attended by Prime Minister Fils-Aimé, the Governor of the Central Bank, several Cabinet Ministers, civil society and the principal multinational development banks. The objective of this meeting was to present the results of the RCIA and request feedback from key stakeholders in order to prepare for a donors’ funding meeting to be held in Washington DC in January 2025. Background: The Rapid Crisis Impact Assessment was conducted between July and October 2024 under the leadership of the Ministry of Economy and Finance and with the support of the World Bank, the United Nations, the European Union, and the Inter-American Development Bank.

In line with the vision or recovery articulated in the April 2024 political agreement, the RCIA is based on a dual approach: (1) to address the immediate impact of the crisis while (2) making progress on longer-term reforms and structural changes that address deep-rooted drivers of instability and fragility. Thus, during the first two years of RCIA implementation, the overarching objective is to support the recovery of communities most affected by the ongoing security crisis. Takeaways: The RCIA identified and quantified damage and priority short-term needs based on a rapid assessment methodology.

Overall, it estimates that the national GDP in 2024 will be 8.5% lower than it was in 2015 and proposes an investment plan to stimulate recovery, focusing on four priority areas: 1. Financial support for economic diversification and institutional reforms to strengthen economic governance; 2. Rehabilitation of economic and social infrastructure and reduction of vulnerability to natural and climate shocks; 3. Increased access to health care, education and other basic services; social inclusion; and food security; 4. Rule of law, public security and institutional reforms