Haitian Prime Minister Jack Guy Lafontant addresses a session of the Chamber of Deputies in Port-au-Prince, Haiti, on July 14, 2018. EPA
Haitian Prime Minister Jack Guy Lafontant addresses a session of the Chamber of Deputies in Port-au-Prince, Haiti, on July 14, 2018. EPA

Haiti prime minister resigns after deadly unrest



Embattled Haiti Prime Minister Jack Guy Lafontant resigned on Saturday following deadly violence and looting sparked by a now-abandoned plan to raise fuel prices.

"I submitted my resignation to the president of the republic," who has "accepted my resignation," Mr Lafontant said in the lower house of Haiti's legislature.

Mr Lafontant had faced a potential vote of no confidence had he not resigned -- something he had previously insisted he would not do.

Last week, the government in the impoverished Caribbean country announced plans for major fuel price hikes -- 38 per cent for gasoline, 47 per cent for diesel and 51 per cent for kerosene.

The announcement sparked mass protests, with streets in the capital Port-au-Prince and other cities blocked with barricades of debris and burning tires.

Dozens of shops were looted and burned and cars were set ablaze. At least four people were killed. The government quickly did an about-face and called off the planned price increases.

Mr Lafontant, a physician who had little political experience before taking office in February 2017, had faced widespread criticism even before the spasm of violence.

Several hundred protesters marched on Saturday in Port-au-Prince demanding the departure not just of Mr Lafontant, but also of President Jovenel Moise.

"It's not just a question of changing the prime minister, because day by day, the people are still suffering from more misery, unemployment, insecurity, hunger," said Fleurette Pierre, one of the demonstrators.

Haiti is desperately poor: around 60 per cent of its people live on less than two dollars a day, and they are extremely sensitive to even minor increases in prices of just about anything.

In February, Haiti signed an agreement with the International Monetary Fund, the Washington-based global crisis lender, in which the country committed to carrying out economic and structural reforms to promote growth.

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Looting follows violent fuel protests in Haitian capital

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One of those conditions was the elimination of petroleum product subsidies, prompting the doomed price hike proposal.

The accord also called on the government to keep inflation under 10 per cent.

Since 2015, inflation has been running at 13 to 14 per cent annually. The budget blueprint submitted to the legislature in late June still foresaw a rate of 13.6 per cent.

On Thursday, the IMF suggested "a more gradual approach" to ending fuel subsidies, paired with "compensatory and mitigating measures to protect the most vulnerable people".

"We will continue to support Haiti... as they develop a revised reform strategy," IMF spokesman Gerry Rice said, noting that ending subsidies would free up funds for other programs such as education.

Crafting a revised strategy -- and divvying up Haiti's meager budget resources -- will be a delicate task.

The decision to scrap the price hikes means the government will have to find another way to come up with the $300 million (Dh1.1 billion) the move would have generated.

It is not an insignificant amount -- the total is more than 11 per cent of the 2018-2019 budget presented to parliament in June for debate.

Now, Mr Moise's government has to find a way to appease all sides -- angry and impatient consumers, politicians with varying interests and IMF economists.

Haiti's deep levels of inequality are often cited by protesters who want both Mr Lafontant and Mr Moise out of office.

More than 200 years after gaining independence from France, Haiti is still ranked by the World Bank as having one of earth's most unjust societies.

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What is a credit score?

In the UAE your credit score is a number generated by the Al Etihad Credit Bureau (AECB), which represents your credit worthiness – in other words, your risk of defaulting on any debt repayments. In this country, the number is between 300 and 900. A low score indicates a higher risk of default, while a high score indicates you are a lower risk.

Why is it important?

Financial institutions will use it to decide whether or not you are a credit risk. Those with better scores may also receive preferential interest rates or terms on products such as loans, credit cards and mortgages.

How is it calculated?

The AECB collects information on your payment behaviour from banks as well as utilitiy and telecoms providers.

How can I improve my score?

By paying your bills on time and not missing any repayments, particularly your loan, credit card and mortgage payments. It is also wise to limit the number of credit card and loan applications you make and to reduce your outstanding balances.

How do I know if my score is low or high?

By checking it. Visit one of AECB’s Customer Happiness Centres with an original and valid Emirates ID, passport copy and valid email address. Liv. customers can also access the score directly from the banking app.

How much does it cost?

A credit report costs Dh100 while a report with the score included costs Dh150. Those only wanting the credit score pay Dh60. VAT is payable on top.

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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