Gangs, inflation and political crisis bring Haiti economy to brink ...Middle East

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Gangs, inflation and political crisis bring Haiti economy to brink
PORT-AU-PRINCE: With gas sales already subsidized by the government at a loss, the Haitian economy -- fragile from incessant crime and political instability -- appears close to collapse as the war in Ukraine sends fuel prices soaring.The global surge in fuel costs comes at the worst possible time for Haitian authorities: Last December, they had for the first time in five years made the highly sensitive move to hike the price at the pump -- just two months before Russia invaded its neighbor.Still well below the global average, Haitians now pay 49 US cents for a liter of gasoline and 84 cents for diesel.Unsustainable fuel subsidiesThe state pays the difference to the oil companies, and that ga

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