Clinton charity awards over $700,000 for Haiti agriculture sector

PanARMENIAN.Net - A charity for former U.S. President Bill Clinton on Monday, March 11 awarded more than $700,000 to develop Haiti's agriculture sector, according to The Associated Press.

The Clinton Foundation announced that the grants will go toward efforts to plant trees, build a coffee farm and train farmers.

Clinton has been the United Nations' special envoy to Haiti since shortly before the devastating 2010 earthquake. He left Haiti following a two-day visit accompanied by potential investors representing a perfume company, restaurants and a lingerie company.

"The country has been beat down so long and the controversies are so familiar to people that it's sometimes too easy to see the down side. I'm not naive. I know what the down side is," he told the AP. But, even so, he said, "This is a place of staggering potential."

One of the delegation's visits on Monday was to a brewery Heineken NV purchased last year. The company announced on Monday that it would invest $40 million to expand the brewery and help farmers who supply it with sorghum.

President Michel Martelly is trying to lure foreign investors to help rebuild the Caribbean nation following the massive quake. His administration has routinely employed the mantra, "Haiti is open for business."

But analysts in both Haiti and abroad say the nation is held back by an old-fashioned banking system and a dysfunctional justice system that provides little legal certainty for investors.

Other deterrents include U.S. government advisories that alert travelers to security concerns, a cholera epidemic and inadequate infrastructure.