U.N. Secretary General Ban Ki-moon plans to name former U.S. President Bill Clinton as his special envoy to Haiti, in a move that could attract investment and help stabilize the country, officials said on Monday.

This announcement is expected to come soon, one U.N. official said on condition of anonymity. The official said a formal announcement could come as early as Tuesday.

Clinton had endeavored himself to helping the impoverished Caribbean nation recover from the devastating impact of four hurricanes last year and accompanied Ban on a trip to Haiti earlier this year.

During their visit to Haiti, both Clinton and Ban said they were impressed by Haiti's growth potential and urged the government to quickly exploit favorable terms of trade with the United States and the stabilizing presence of about 9,000 U.N. peacekeepers.

Several other diplomats also confirmed the appointment of the former president.