Time magazine reported that a government program, PetroCaribe, is at the center of protesters’ anger:
Under PetroCaribe, a strategic oil alliance signed with nearby Venezuela in 2006, Haiti––the poorest country in the Americas––saved precious dollars by borrowing fuel from its oil-rich neighbor and deferring payment for up to 25 years. Governments were supposed to use the extra money to develop the economy and fund social programs. Instead, at least $2 billion (equivalent to almost a quarter of Haiti’s total economy for 2017) went missing and Haitians saw few of the promised benefits, according to protesters and local media. Haitian taxpayers still owe Venezuela billions of dollars for the borrowed oil.
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