As the global economy continues to expand among the nations of the world, international credit - a protocol for extending trade credit to companies in other nations - becomes more important. Enhanced knowledge of the international credit-risk environment among the various markets of the world will facilitate more effective international trade decisions. CreditPulse will cover and analyze the political, financial and economic developments on a national level in various markets throughout the world that impact the recoverability of financial assets.
Haitian Risk: U.S. Companies Doing Business in Haiti
Jan. 28, 2010
On January 12th, a magnitude 7.0 earthquake struck the tiny Caribbean nation of Haiti causing widespread destruction and an estimated 100,000 deaths. CreditPulse reports on the few U.S. companies that do business in Haiti and some of the reasons why more don't.
"I think it's really a catastrophe of major proportions," Haiti's ambassador to the United States, Raymond Alcide Joseph told CNN the day after his country was devastated by a 7.0 magnitude earthquake. The quake was centered 10 miles outside of the capitol city of Port-au-Prince.
Over 200 international credit and risk managers and finance professionals gathered in Palm Beach, Florida three weeks ago for FCIB's 19th Annual Global Conference. FCIB is an association of executives in finance, credit and international business.
