VIS 2026VIS 2026 — Virtual Island Summit|Also: GSIS 2027GSIS 2027
Island Innovation Logo
About
Services
The Network
Events
Content Library
Contact Us
News
Policy & Governance/May 1, 2025

Two centuries later: the economic impact of Haiti’s historical debt burden

Two centuries later: the economic impact of Haiti’s historical debt burden

On April 17, 1825, twenty years after the independence of its former colony, France demanded that Haiti pay 150 million gold francs. A debt that many researchers now describe as a “ransom.” A debt that plunged the newly formed country into an unprecedented economic crisis. A debt that still affects Haiti 200 years later.

“It’s either sign or war.” In April 1825, a royal mission led by Baron de Mackau came to demand 150 million gold francs from Haiti, which had been independent for 20 years. A sum “accepted by the Haitian government” according to the Journal du Commerce published on September 3, 1825. “There had already been ten years of negotiations before this. Since the Restoration of the monarchy in France in 1814, there was a desire to reestablish control over the island,” explains Mathilde Ackermann, a doctoral researcher on postcolonial relations between France and Haiti at EHESS, the School for Advanced Studies in Social Sciences.

An Indemnity for Independence

What Mathilde Ackermann calls an “indemnity” but which Haitian academic Jean-Marie Théodat describes as a “ransom” would amount to 150 million gold francs. “Haiti accepted because it wasn’t recognised worldwide,” continues Mathilde Ackermann. “England didn’t want to trade with Haiti, neither did the United States, which prevented Haitian diplomatic development.”

Read original source

Subscribe to our newsletter. By submitting, you agree to our Privacy Policy.

Island Innovation

Island Innovation works with governments, institutions, and partners worldwide to support island-led sustainable economic development.

We Support The UN Development Goals

SDG 9: Industry, Innovation and InfrastructureSDG 11: Sustainable Cities and CommunitiesSDG 12: Responsible Consumption and ProductionSDG 13: Climate ActionSDG 14: Life Below WaterSDG 17: Partnerships for the Goals

Explore

AboutServicesNetworkEvents

Content

ArticlesNewsCareers

Ready to Connect?

Join the island innovation community

Get in Touch

About

  • About us
  • Case Studies
  • FAQs
  • Press
  • Careers
  • Contact

Services

  • Services Overview
  • Public & Media Relations
  • Strategic Communications

Network

  • The Island Network
  • Academic Council
  • Newsletter

Events

  • Our Events
  • Watch Past Events

Content

  • All Content Library
  • Videos
  • Articles
  • News
Privacy PolicyTerms of ServiceContact

© 2025 Island Innovation. All rights reserved.