Haitian President Louis Borno

Haitian President Louis Borno

Here is a picture of the Haitian President, Louis Borno in a group setting

Haitian President Louis Borno came into power at a time when the economy was particularly badly in debt. He succeeded to the role of president following the end of the term of President Dartiguenave in 1922, and started immediately to figure out how to cut down the excessive external debt that is said to have been equal to 4 years of the budget of the government. His strategy for dealing with the debt was to take out a $23 million loan. Following this move, he reduced taxes on exports and not long after some headway was made in balancing the trade deficit.

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