In 2009, Haiti’s national telecom company – Teleco – was rapidly losing market share and nearly $1.5 million a month in public funds. IFC helped the Government of Haiti and Viettel form a partnership that has turned around the fortunes of the company.
Today, the new company – Natcom Haiti – is turning a profit for both Viettel and the government and has gone from 75,000 customers to 1.8 million. Mikaelle Cartright is one of those customers.
IFC believes the Private Sector Matters for Development and that sound economic growth, driven by private sector development, is crucial to poverty reduction.
Join the conversation on Twitter with #PSDmatters, a hashtag conversation for people and organizations interested in and passionate about issues related to private sector development, particularly in emerging markets.