Haïti: Mise à jour de la note économique

RePOrt No.8396WHA Haiti UpdatingEconomicNote April 17, 1990 LatinAmerica and TheCaribbean Region FOR OFFICIALUSEONLY DOOcMetOf the Worw3an This document has a restricted distribution and may be used byrecipients ~only in-the p6rformance of therotiida1 dutifes. its contents maynototherwise bedisclospd wifthutWorldBank aufthoization. Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized CURRENCY EQUIVALENTS Currency Unit = Gourde (G) G 1 - US$0.20 US$1 - G 5 The Gourde has been pegged to the U.S. Dolllar since 1919 at the rate of 0 5 = US$l. FISCAL YEAR October 1 - September 30 FOROFFICIAL USEONLY RAITI A Bank economicmission visitedHaiti in November-December 1989. The mission consistedof FelicianoH. Iglesias (t'ission Leader) and Arturo Heyer (Consultant).This economicnote updates economicperformancein Haiti during FY87188 and FY88189. This documenthas a restricod distribution and may be used by recipientsonly in the performance of their official duties.Its contents maynot othewise be discloed withoutWorldBankauthoristlim. DATING COoKIC mmTh Table of Contents Page No. I. BACKGROUND . . . . . . . . . . . . . . . . . . . . II. RECENT ECONOMIC DEVELOPMENTS . . . . . . . . . . . . . . . . 2 A. EconomicDevelopments through FY86/87 . . . . . . . . . 2 B. EconomicPerformancE in FY87188 and FY88189 . . . . . . 3 III. PUBLIC SECTORINVESTMENT ANDEXTERNAL FINANCING REQUIREMENTS . . . . . . . . . . . . . . . . . . . 4 A. Public Sector Investment . . . . . . . . . . . . . . . . 4 S. ExternalFinancingRequirements . . ... . . . . . . . . 4 ANNEX I: STATISTICAL APPENDIX . . . . . . . . . . . . . . . 6 Map IBRD 21143 I. BACKGROUND 1.1 Haiti is a small and densely populatedcountry located on the west side of the island of Hispaniola,in the Caribbeansea. Its 6.2 million inhabitants occupy 28,000 km 2 (over 200 inhabitants per ki 2 ). With a 1988 GNP per capita of only US$360,1Haiti is the poorestcountry in Latin America and the Caribbeanand one of the poorest in the world. Social indicatorsreflectthe overall poverty of the country: 702 of its urban populationand 802 of its rural populationare below the poverty line, infant mortality stands at 114 deaths per thousandbirths and 65X of its adult populationdoes not know how to read or write. The country's populationgrows at 1.7Z per annum. Migration from rural areas has propelledurban populationgrowth to 4? per year. Family planningefforts, largelyby NGO's, have not had a major impact in arrestingpopulation growth below current levels. The unemployment rate is high, 25%-302of the labor force. 1.2 Three fourthsof Haitianslive in rural areas. Total agricultural output,however,has increasedlittle since the early 1970's, and productionper capita has fallen steadilyas populationpressureshave led farmers to cultivatemarginalhillsidelands. The shortageof land, coupledwith insecurityin land tenure arrangements and increased demand for wood as a source of energy, have led to severe deforestation and soil erosion. Over the last three decades,output and employmenthave shifted toward the urban sector and agriculture now accountsfor 25Z of GDP comparedto 50? in the early 19509. 1.3 In the second half of the 19709, real economicgrowth, averaging over 5S per annum, resultedin rising per capita income for the country's population. Economicgrowth was fueled by increasingpublic investment financedfrom abroad on highly concessional terms and by a major expansion in export assembly industries--oriented to the U.S. market--that were internationally competitive on the basis of Haiti's low wages. However, Haiti's export base is narrow and the country is highly vulnerableto externalshocks. Assembly industriesproduce a limitedrange of products (electronics, clothingand sportinggoods); yet, they account for over 60? of merchandise exports. Coffee,which accountsfor about 20? of merchandiseexports,is subject to fluctuations in international demand and prices and to changingweather conditions. Tourismhas declinedas a consequence of adversepublicityconcerning health risks and political unrest. 1.4 Despite the relativeopennessof the economy (both exportsand imports of goods representabout 652 of GDP), the country'strade regime became a source of inequitiesin income distribution as well as inefficiencies in resourceallocation. Protectivebarriers (tariffand non-tariff)resultedin increasedmonopolypowers for domesticproducers, and in the case of some commodities, the virtuallyopen contraband activitiescreated large economicrents. 1/ World Bank Atlas methodology. II. RCENIT ECONOMIC DEVELOPMENTS A. ECONOMIC DEVELOPMENTSTHROUGH FY96/87 2.1 During 7Y8O181-FY84185, Haiti pursued policies that led to an inequitableand inefficienteconomy. Fiscal policy was excessively expansiveand the public sector undertook expendituresthat were either uneconomic or unaccounted for. The trade regime was characterizedby export taxes, excise duties, import quotas and prohibitions,which resullted in an overly protected economy. These policies reduced economic welfare for a majority of the population. Agriculturaland industrialproduction decreased: unemploymentand inflation increased. During this period, the deficit of the consolidatedpublic sector averaged 9? of GDP white that of thp current account of the balance of payments averaged 82 of GDP. Internationalreserves,on average, decreased at a rate of US$22 million per annum. 2.2 During March 1986 to November 1987, the Government introducedsound policies. Public expenditureswere reduced by two percentagepoints of GDP and reallocatedto favor education and health. The public investment program focused on the completion of ongoing projects. Taxes were reduced by the equivalent of two percentage points of GDP, and reforms were introduced to simplify the tax system, lower its high marginal rates, and strengthen tax administration. The Government's debt to the domestic banking system was reduced. Trade monopolies, public and private, were dismantled to foster competition. Two out of five industrialpublic enterpriseswere closed down, and the Governmentinitiated the rationalization of two more. Several measures were introducedas part of a trade reform: (i) quantitativerestrictions oa imports were eliminated for 942 of the items affected by those restrictions,such imports representing more than 802 of total imports; (ii) specific import duties were replaced by ad-valorem (oness (iii) protection levels were reduced; and (iv) export taxes on a number of agriculturalgoods (coffee,cacao and sisal) were eliminated. 2.3 The above policy measures yielded the results shown in Table 1 below: Table I: ECOIOMIC PERFORANCE, MO/81-FY84185 AND FY86187 FY80181-FY84(85 FY86187 Public Sector Deficit (D of GDP) 9 6 Deficit in Current Account of the Balance of Payments (Z of GDP) 8 5 Inflation Rate 8 2 Real Exchange Rate +40 -14 Investment/Savings Gap (2 of GDP) 8 5 Source: Bank staff estimates. -3- B. W O3OIfC PIRFORMNCE IN Y0788 AND m!8189 2.4 The momentumof the originaleconomic reformswas lost, however, becauseof a number of politicalcrises that unfoldedin the second half of 1987. Economicdevelopmentsfrom 1988 on have been characterized by work stoppages,investors'uncertainty, shortfallsin public revenues,and the suspensionof vital externalassistance. 2.5 In FY88/89,Haiti's real GDP is estimatedto have declinedby 1.5S; per capita GDP is estimatedto have declinedby more than one percentagepoint. Although the service sectors improvedtheir economic performance,their growth was not sufficientto offset the decline in value added in agriculturefor a third consecutiveyear. Consumptionand investmentactivitiesalso declined. Consumerprices rose by 15? in the twelve-month period ending September1989, up from about 9.52 a year earlier. At the same time, the premium on the U.S. dollar in the parallel market rose from about 20? in September1988 to over 352 in September1989. 2.6 The public sector accountsregisteredfurther deterioration in FY88/89 comparedto FY87/88. Althoughthe overall public sector deficit (beforegrants) remainedconstantas a percent of GDP (5.72),the composition of its financingchanged in FY88189: externalsources accountedonly for a fourth of the financingof the deficit. In FY87188, externalsources accountedfor almost a third of the requisiteexternal financing. Moreover,in FY88/89both total public sector receiptsand expenditures decreasedby almost 1Z of GDP each. 2.7 The balance of paymentsalso recordeda furtherdeterioration in the country'sexternalfinancialpositionin FY88/89 relativeto the FYB7/88. The value of both exportsand imports of goods and services decreased. Exports of goods and servicesdecreasedfrom 152 of GDP in FY87/88 to 12? of GDP in PY88/89. By the same token, imports of goods and servicesdeclinedfrom 272 of GDP in FY87188,to 232 of GDP in FY88189. The resourcegap shifted from a negative122 of GDP in FY87188to a negative112 of GDP in FY88/89. 2.8 Net transfersaccountedfor 102 of GDP in FY87/88 and 8Z in FY88/89. As a result,the current accountdeficit of the balance of paymentsdeteriorated from 2? of GDP in FY87/88 to 5? in FY88/89. Capital movements resultedin net inflowsin both fiscal years: 32 of GDP in FY87/88 and 22 in FY88/89. 2.9 To correct the above imbalances, the Governmentadoptedan economicprogram for FY89/90 in an effort to reduce inflationary pressures, strengthenthe balance of payments,and help reversethe decline in investmentand economicactivity. The program calls for an improvement in the public sector'ssavings performance and a reductionin its overall deficit to 4.5? of GDP in FY89190. The domesticfinancingrequirement would be lowered to no more than 0.62 of GDP. -4- 2.10 On September18, 1989, after Haiti had cleared its arrearo to the IMF, the IMF's ExecutiveBoard approveda 15-monthStand-byarrangementfor SDR 21 million. Upon approval, Haiti purchasedthe first credit tranche, SDR 11 million,and has made one purchaseavailablesince then, SDR 2 million,based on the observanceof performance criteriaat the end of September1989. 2.11 As part of its economicprogram,the Governmenthas already undertakena number of revenuemeasureswhich have yielded almost 1X of GDP. It has also introducednew controlsin the public enterprises (includingtheir wage bill), and has raised wheatflourand millfeedprices. The Governmentalso liberalized intereetrates by removingthe ceilingon depositsand lending rates, and excess bank liquidity was reduced by an increasein the reserve requirement(from 37Z to close to 442). The Governmentalso authorizedcommercial banks and most exchangehouses to operate freely in the parallelmarket and reducedthe surrenderrequirement for export receiptsat the officialexchangerate from 5OZ to 401. At the same time, commercialbanks were authorizedto accept depositsin foreign currency. III. PUBLIC SECTORINVESTMENT ANDEXTERNAL FINANCING RBQUIRDRNTSS A. Public Sector Investment 3.1 Disbursements under the FY90191 Public Sector InvestmentProgram (PSIP) are estimated to amount to US$361 million. Total commitments for the proposedFY90/91program are estimatedto amount to US$393 million. Proposedprojectsin the FY90/91 programemphasizerehabilitation of existingfacilities, labor intensive projectsto help address Haiti's chronicunemploymentsituation,projectscomplementary with private sector activitiesand projectsrequiringlimited recurrentand counterpart funding. Specificprojectsin the agriculture sector include integrated rural developmentin two agricultural areas of Anse-a-Pitre and Plateau Central and improvingcocoa and coffee productionfor exports. Projectsin the industrialsector are aimed at efficiencyimprovements at two key public enterprises. Projectsin the infrastructure sectors includse the rehabilitation of roads, power sub-stations, water supply and telecommunication systems. Projectsin the health sector includethe rehabiliation of the hospitalsat Bon Repos and Martissantto help relieve the overcrowdingat the universityhospital in Pore-au-Prince and the institution of a medical emergencyprogram to help cut down on preventable traffic deaths. B. ExternalFinancingRequirements 3.2 The financingrequirements for the PSIP are estimatedto amount US$361 million during FY90/91-FY91/92.Scheduledamortizations are projectedto be US$39 million during the two years. Public sector savings are projectedto provide US$63 million,while net domesticcredit is projected to financeUS$25 million. Scheduleddisbursements under external commitments(loans and grants) for ongoingprojectswould provideUS$145 million. A financinggap for the two years of about US$167 million would -5- remain, for which externaldonors have been identifiedfor disbursements amountingto US$5 millio&. Externaldonors are being sought for commitments which would disbursethe difference, US$162 million. Table 2: PUBLIC SECTOR FINANCING I QUIRUI3NTS, FY90191-FY91192 (ln mlllionsof US dollars) FY90/91 FY91/92 TOTAL FinancingRequirements 198.5 202.0 400.5 Public Sector Investment 175.9 185.3 361.2 ScheduleAmortization 22.6 16.7 39.3 Sources 114.3 118.5 232.8 Public Sector Savings 30.5 32.8 63.3 Ongoing External 70.0 75.0 145.0 DomesticCredit (net) 13.8 10.7 24.5 FinancingGap 84.2 83.5 167.7 IdentifiedExternal 5.0 - 5.0 Unidentified External 79.2 83.5 162.7 Sources IBRD estimatesand projections. ANNEX I Page I of 10 MAITI STATISTICAL APPENDIX Table of Contents Table No. Pa&e No. 1.1 National Accounts, 1984-88 . . . . . . . . . . . . 7 1.2 National Accounts, 1984-88 . . . . . . . . . . . . 8 2.1 Balance of Payments, 1984-88 . . . . . . . . . . . 9 2.2 Composition of Merchandise Exports, 1984-88 . . . . 10 2.3 Composition of Merchandise Imports, 1984-88 . . . . 11 2.4 Direction of Trade, 1984-87 . . . . . . . . . . . . 12 3.1 General Government Operations, 1984-88 . . . . . . 13 4.1 Summary of External Debt Operations, 1984-88 . . . 14 4.2 Official Grants, 1984-88 . . . . . . . . . . . . . 15 5.1 Selected Price Indicators, 1976-88 . . . . . . . . 16 ANNEX I 7~ -'Page 2 of 10 Tablo1.1:HAITI: NATIONAL ACCOUNTS, 1994-88 (Gourd*millon) FY84 FY85 PY80 FY87 FY88 GrossDometicProduct m.p. 9802.0 10047.0 11218.0 10812.0 11064.0 Not Indirect Taxes 016.0 778.0 15.0o 780.0 085.0 Resource Balance -821.0 -850.0 -468.0 -842.0 -752.0 Exports of WNFS 1657.0 1510.0 1468.0 1408.0 182.0 Iports of CNFS 2408.0 2800.0 2110.0 2246.0 2184.0 TotalExpenditures 9908.0 10897.0 11878.0 11064.011600.0 TotalConsumKtion 8402.0 9466.4 10650.710254.0 10556.0 Private Consumption 7470.0 8800.4 9500.7 9114.0 9446.0 Genwral Government 992.0 1100.0 1142.0 1140.0 1109.0 Gross DomestteInvestment 1441.0 1480.0 1226.8 1400.0 1251.0 GrossNational Product 0988.0 9974.0 11184.4 10789.0 10981.0 Gross Domestic Saving 020.0 500.6 S87.8 558.0 499.0 Net Factor Income -99.0 -78.0 -88.0 -78.0 -78.0 Net Current Transfers 225.0 240.8 260.1 201.0 317.1 GrossNational Saving 740..0 748.4 748.0 7e0.0 748.1 Source: Haitian Institute of Statistics; Bankof the Republic of Haili;1WF. -8 A- Page 3 of 10 Table 1.2: MAITI--NATIONAL ACCOUNTS, 1964-fl ------- (FY1970 Gourd illion) FY64 FY65 FY"6 FYT7 FY60 Oross Domestle Product m.p. 6071.0 5064.0 5113.0 6142.0 6065.0 Net Indirect Taxes 844.0 891.0 871.0 884.0 802.0 Agrbeultur. 1626.0 1607.0 1670.0 1680.0 1668.0 Industry 117.o 1191.4 1146.4 1141.0 1144.7 (of whichManufacturing) 688.1 eMA.i 760.6 768.0 708.0 Services 1924.0 1664.6 1917.6 1987.0 1660.8 Resource BlenIe -NOB.9 -B87.0 -875.1 -405.0 -860.0 Export of CNFS 1017.0 9658.0 866.4 686.0 012.0 Imports of GNFS I"S.9 1848.0 1248.6 1301.0 1198.0 Total Exponditure 5487.9 5471.0 5466.1 607.0 5451.0 TotalConsumption 4470.6 4086.7 4774.1 4660.6 4616.0 Privat. Consumption 8944.7 4089.2 4286.8 4860.5 4848.0 4Gnoral Govornment 626.1 696.6 6587. 600.0 478.0 rosvs Domestic Investment 967.1 686.8 714.0 746.6 686.0 ros National Product 5016.0 5047.8 5074.4 6106.9 5081.8 GrossDomestic Savings 496.8 658.2 827.8 256.6 212.0 Not Factor Incom -54.4 -86.7 -86.6 -85.1 -88.7 Not Current Transfers 128.6 120.9 120.2 185.2 146.4 Oro" National Saving 564.6 487.5 406.9 856.6 826.5 Capacity to Import 912.1 860.9 656.8 618.1 775.6 Toresof TradeEffect -104.9 -96.1 -11.0 -22.9 -86.2 Gross Domeetic Income 4966.1 4988.9 5101.4 6119.1 6026.8 Source: Haition Institute of Statistics; Bank of the Republic of Hilti;IF. ANNEX I Page 4 of 10 Table 2.1: HAITI--BALANCE OFPAYMENTS, 194-88 --- million) - - -__----------- __-_-_- __ -- _-_ ------- __ -_ --_ -_-_- __-_---- _-_---- _________ FY64 FY65 FYM8 FY8T FY88 Exports of Good. A NFS 817.8 804.2 291.6 280.6 276.4 Marchandia. Export. 229.5 217.4 216.2 200.6 206.6 Non-Feetor Servlesn 67.6 66.6 76.4 00.1 69.6 Imports of Goods A NS 481.6 466.8 428.8 449.0 426.9 Merchandie Imports 298.4 288.0 258.1 269.4 254.5 Non-Fantor Serviees 188.2 185.8 170.2 179.6 172.4 Resource Balance -164.8 -164.1 -182.7 -166.4 -150.5 Factor Services and Transfer. 25.2 88.56 86.8 41.7 47.1 Not Fector Incoma -19.6 -14.6 -16.7 -14.5 -16.8 Fctor Receipts 4.6 4.7 4.0 6.2 6.2 Factor Payments 24.8 19.3 21.8 19.7 22.5 of which: Interest payments 18.8 18.1 15.1 12.8 18.8 Not Current Transfers 46.0 48.1 62.0 6e.2 68.4 Current Raeeipts 90.0 95.4 10S.4 118.1 124.1 Current Paymnt. 45.0 47.2 ca.4 56.9 60.7 F. Current Account Balance -189.1 -180.6 -96.4 -126.7 -108.4 Long-TermCapitol Inflow 141.8 118.5 138.6 175.6 186.6 Direct Investment 4.5 4.9 4.8 4.7 10.1 Officll Capital Grant. 78.2 87.8 106.7 121.8 98.1 Net LT Loans 46.7 61.6 82.0 60.7 17.6 Disbursements 58.1 65.2 48.2 67.9 42.8 Repaym"ets 11.4 13.6 11.2 27.2 26.2 Other LT Inf lows (nt) 12.4 -26.8 -8.9 -11.7 12.7 Total Other Items (net) -29.4 7.4 -7.6 -16.7 -16.1 Net Short Ter Capital -1.2 -9.5 -0.2 -4.0 -1.0 Capital Flows N.E.I. -8.2 13.6 -7.1 -6.1 -8.2 Net Chnge in Arrears -6.8 9.6 2.4 -0.5 1.0 Errors and Omlesion. -13.7 -6.3 -2.7 -8.1 -11.9 Capital Account 112.4 126.85 129 168.8 121.4 Overall Balance -20.7 -4.7 82.6 82.1 18.0 Financing Changes In Not Reserves 26.7 4.7 -82.6 -82.1 -18.0 Net Credit from IMF 21.6 -9.4 -17.6 -18.2 -22.3 Other Reserve Change 4.9 14.1 -15.0 -18.9 4.3 ( - Indicates Increase) Sourcest Bank of the Republic of Haiti; IIF, R1acont Economic Developments. - 10 - AtEX I Page 5 of 10 Table 2.2s HAITI--COMPOSITI0N OF MEROANDISE EXPORTS, 1984-88 ------- (USI IIIion) FY1984 FY198S FYIM8 FYI"?8 FY1988 Total MerchandiseExports 229.6 217.4 216.2 200.S 208.8 Agricultural Exports 0s.5 60.0 72.1 51.7 57.1 Coffee 45.6 48.6 57.5 80.5 89.4 Coco 4.5 6.9 C 5.1 4.1 EossnttlOils 6.0 4.8 4.8 8.8 0.1 OtherAgricultural 12.6 6.6 5.8 8.8 7.5 Manufactures 124.7 128.9 180.1 181.8 189.1 Other exports *_/ 86.8 28.9 14 l 11.4 (inpercent of total) Agricultural produets 29.8 80.6 88.8 25.0 27.6 Manufactures 54.8 50.4 60.2 C6.7 66.6 Other . 16.8 11.0 6.5 8.5 5.6 (annual pereent changes) Agriculturel products -5.4 -2.8 8.8 -20.8 10.4 Manufactures 24.2 1.8 2.6 1.8 4.0 Other * 02.8 -34.2 -41.4 21.4 -82.9 *J Includsminormanufacturing exports Source: Dankof the Republic of Haiti; Ministry of Comerce and Industry; Customs administration; IF. ANNEX I - 11 - Page 6 of 10 Table 2.8: HAM-,C0SITmCN OF MERCHOIASE IMRTMS, 1904468 ---------- 1USS mlIton) 1984 196S 19S5 1987 1936 Total erchandise mports J 852 8S8.9 298.4 817.7 S00.1 Food product* 79.8 65.9 69.8 70 69.6 Beverages and tobacco 9.1 6.7 7.9 6.8 4 Row materials 18.1 12.2 6.7 11.2 9.8 Fuel and lubricants 61.4 68.9 60.6 60.8 46.4 of which: petroloum and derivatives 60.1 51.7 47.8 41.6 44.2 Fats and *II* 88.7 81.8 88.9 85.6 80.8 Chmlca l products 48.1 42.2 86 88.4 84 Manufactured products 7d8.8 n.9 6o 59.8 54 Machine and transportation 60.6 62.5 es 65.4 61.6 other Manufactures 87.6 40.5 88.6 85.8 29.2 Other a 8.9 8.8 4.5 4.5 B lance of paymwts adjustments bJ -88.4 -115.8 -66.0 -59.1 -48.8 (in percent of total) aJ Food and beverge 20.4 21.1 21.0 20.8 21.5 Rawmautrials 8.0 2.7 2.4 8.0 2.9 Fuel and Lubrlcant 14.1 14.2 13.6 18.4 18.5 Fate, olls, and chemcal produets 17.6 16.4 19.0 19.7 16.6 Machines and manufactured products 88.5 S5.7 88.5 88.2 88.8 Other 9.8 9.9 10.2 10.6 9.6 (annual percent changes)cJ Total -5.2 -5.1 -10.6 2.6 -4.6 Foodand beverage 1.0 6.4 -16.4 -1.2 -8.8 Row materials 4.8 -6.9 -26.7 28.7 -12.5 Fuel and Lubricant 0.2 4.1 -20.5 -1.0 -7.8 Fats,oIls, andchemical products 10.8 -4.8 -20.1 8.2 -12.9 Machines and manufactured products 5.2 *.9 -28.8 1.6 -7.5 aJ STTC classification as reported by Customs, plusbalance of payment adJustents. bJ Adjustments for gros mports of light assembly industry products. ¢J Excludes balance of paymentadjustment. Source: Bank of tho Republic of Haiti; Custom Administration; and IMF. - 12 - ANNEX I Page 7 of 10 Table2.4: HAITI--DIRECTION OF TRDE, 1984-87 (In percent) Exports Imports FY1984 FY198S FY1988 FY1987 FY1984 MY1OSS FY198 FY1997 Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Industrial Countries 90.8 98.1 97.2 97.0 84.2 84.2 84.9 0S.6 Canada 2.9 1.6 1.9 1.6 2.4 8.0 2.5 2.6 United St.tes 60.1 82.2 77.0 84.0 67.8 62.8 65.2 64.0 Belgium 1.9 2.1 2.2 1.8 0.5 0.5 0.5 1.0 France 8.8 8.8 6.8 2.9 2.7 8.9 4.1 8.7 Germany 3.4 2.7 2.9 1.4 1.9 1.9 2.2 8.0 Italy 2.8 8.7 4.5 8.6 1.0 2.2 0.8 0.7 Japan 0.8 0.5 0.6 0.7 4.8 5.9 4.6 5.8 Netherlands 0.4 0.8 0.9 0.6 1.5 1.9 2.0 1.9 United Kingdom 0.4 0.4 0.8 0.2 0.8 1.0 1.a 1.2 Developing countries WesternHemisphere 8.1 1.9 1.6 2.9 18.5 11.4 12.1 11.4 Others 0.1 0.0 1.0 0.1 2.3 4.4 8 8 Source:IV, Directionof Trade. - 13 - ANNEX I Page 8 of 10 Table 8.1: HAITI--GENERAL GOVERNMENT OPERATIONS, 1984-66 - (Gourdes eillion) FY84 FY86 FY66 FY67 FY68 TotalCurrent Receipts 1006.0 1197.4 1284.4 1107.1 1111.9 Indirect Tax Revenues 610.4 772.7 816.4 729.9 666.8 DirectTox Revenues 166.0 170.8 160.0 161.4 167.4 Non-Tax Current Receipts 141.7 160.7 1&4.4 124.6 167.7 PublicEnterprise Transfern 90.9 78.2 104.6 91.0 101.6 TotalCurrent Expenditures 1114.7 1261.6 1271.4 1262.6 1212.4 ware and Salaries 491.5 584.0 561.0 699.6 777.5 Goods*nd Services 864.7 424.2 468.7 82e.6 294.1 Interest Payment. 122.6 121.7 129.0 127.6 108.0 Transfers and Subsidies 52.6 81.9 21.0 81.8 13.4 Othor 68.8 169.7 98.7 77.7 24.4 Current Budget Balance -109.7 -64.1 -87.0 -166.6 -100.6 CapitalExpenditures 694.8 657.9 625.2 657.8 481.4 Financial Investments aJ 82.0 0.0 0.0 0.0 0.0 FixedInvestment 602.6 576.9 626.2 678.8 481.4 Overall Balance -604.5 -668.0 -562.2 -726.6 -5681.9 Flnncing 604.5 668.0 682.2 726.9 681.9 Grants-in-Aid 810.0 859.6 470.0 497.0 289.6 External Borrowing (net) 168.8 62.4 78.6 166.6 121.1 Domestlc Ftnancing (net) 806.2 221.1 16.6 68.8 171.8 Monetary Authorities 807.6 226.8 22.6 64.6 171.6 Private Banks -1.4 -4.2 -4.0 -1.8 -0.8 */ Includes expenditures for the government acquisition of stockof Ciment d'Su :iti. Source:Minietryof Econdmy and Finance;Bank of Haiti; IMP. -14- ANNEX I Page 9 of 10 Table 4.1: HAITI--SUMMARY OF EXTERNAL DEBT OPERATIONS, 1984-80 -------- - (US$mlIIon) Fiscal Yeor EndedSeptember80 1904 1985 1900 1"7 1988 Total ExternalDebt outstanding 678.7 667.8 715.8 761.1 768.8 Not Disbursements 46.746 51.592 82.786 60.76 17.606 Disbursements 68.1 65.2 48.9 87.9 42.8 Amortization 11.4 18.6 11.2 27.2 2S.2 Interest Pyment 17.7 13.1 15.1 12.8 18.6 Nonfinancial publicsector 9.5 6.1 8.9 7.9 9.6 Publicly gauranteed debt 1.0 0.0 0.0 0.0 0.0 IMF 7.2 7.0 6.2 4.9 4.8 Cash paymentson debt obligation b_J 85.8 4.8 44.5 56.2 62.7 Amortization 17.8 81.7 29.4 48.4 88.9 Interest 17.7 18.1 15.1 12.8 18.8 MEMORANDUMI ITEM (percent) Total Debt Outtandlng/GDP 87.1 84.2 81.9 88.9 81.6 Debt Servie/XOAS 11.1 14.7 16.8 20.2 17.4 Interest/X&S 6.6 4.8 5.2 4.8 4.6 Total Debt Out*tanding/XOM 212.8 226.1 248.8 274.2 258.6 *aJ Pre lminary. bh/ Excludesrepayment of other liabilltles of the CentralBank. SourcesBank of the Republicof Haiti, The World Bank, Fund staff estimates. - 15 - AMEX I Page 9 of 10 Table 4.2: HNTM-OFFICIAL GRANTS, 1964-06 ml mIllion) FY1964 FY191S fP1 19816 FY1 P7 FY160 a Total Official Grants 70.2 67.8 106.7 121.6 06.1 Granta to government organization 62.0 71.9 94.0 99.4 67.9 Bilateral aid 50.1 61.8 64.1 60.2 44.9 Canada 7.6 8.2 8.1 5.0 4.0 France a.8 2.5 6.0 9.0 7.0 rmany 8.1 6.0 8.9 2.0 8.0 Japan 8.0 8.0 4.0 9.1 11.0 United $tnt.. b J 26.4 44.2 84.9 56.0 16.0 Swi1tzrland 0.6 2.6 2.8 8.1 1.9 Other 1.1 0.9 - -- -- Multilateral aid 11.9 10.6 10.5 13.2 18.0 1DB 1.2 0.6 0.6 0.8 0.4 EC 2.9 8.6 8.2 8.6 8.8 UNDP/UWFPA 6.7 8.6 8.6 6.0 0.1 Other C/ 1.1 2.7 8.2 2.6 2.7 Grants to private organization 18.2 15.4 12.7 22.4 88.2 PL-460 II d_J 8.2 7.8 7.0 14.9 88.2 Other .1 6.0 7.8 6.7 7.5 6.0 a / Prliminarry. b / From 1984/86 It includes PL-480 Title III. c-1 Other includes ICA,FAO,OAS,WHO, WFP, and UNICEF. d/ Estimates of U.S. PL-40 TitleII assistncechanneled through private organizations. *J OthorInclude CARE and CRS as well as beginning FY 1962/83 Canadian grant. through HMO. Source: World Bank, donor lnformation; IMF. - 16i - ANNEX I Page 10 of 10 Table 5.1: HAITI--SELECTED PRICE INDICATORS, 1976-88 ------ (end of period; FY 1975/76m100) -------------------------------------------------------------- __----------- Consumer GDP Import Export Terms of Fiscal Price Implicit Price Price Trade Year Index a-/ Deflator Index Index Index 1976 100.0 100.0 100.0 100.0 100.0 1977 107.4 110.9 105.8 124.5 117.7 1978 '04.3 109.3 110.0 127.7 116.1 1979 114.4 112.4 123.8 129.2 104.4 1980 135.0 134.3 139.3 149.6 107.4 1981 146.1 142.4 150.9 144.1 95.5 1982 158.1 148.0 159.8 138.4 86.6 1983 171.4 161.2 163.0 149.0 91.4 1984 185.1 179.1 174.0 156.0 89.7 1985 200.7 197.7 176.3 159.0 90.2 1986 217.7 219.4 170.2 167.9 98.6 1987 206.8 210.3 172.7 167.8 97.1 1988 212.8 218.2 178.1 170.2 95.6 ---------------------------------------------------------------------- __--- a_J Data before 1980 was obtainedby splicingthe old consumer price index based on 1948. Source:Haitian Instituteof Statistics;IMF. MAP SECTION IORD 21 1A13 F t) . , ....... l | . tot<,- _ wr~~~~~~~~/VI'v % Is Pw de Pais >o-%2 4 , <4, ' . 4 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~A,i _ Foo &Xu t . 5 HAWT r le4als < ien '$ U |~~~~~~~-------- C~~~~ ~~~~ U8A p-g :M V r,6S\? )I E Very humid -%\>~ ~ -P ERTO ;~~~~~~~~ ~ ~ ~~~~~~~ ~ ~~~~~ ~~ Hui 'I *_ _11 _. F -^kt \ 4'w* 9< -oAnnuolaveagersinhilinnwillirXnetekrsb-40q,~_ 44' 640volt\v $ rc b g < | _ Main hi31za rj O ,7 o v e t ; <W: _< g~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~il Secondory rwds ; z \<Se \ \ \ \ t Y!f~~~~~~~~ Tertiory roods ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~-' <\ ; } -*-Inte/notionel bounda/y Q > , < < ,\ (r.,- \J > Z~~~~~~~~~ i. I~~~~~ A,rjj 10 zo I St 0(kc< 9> MILES 0 10 20 30 ^ 2 \ >w; \$ J tr b-\\ XgesceibW ~~~~~~~~~~~~~~~~~~~ X #r~~~~~~~~#~~~~au X % Ax .40<c.> o f ~~~~~~~~~~~~~~~ I Ecological~,_ zones:= n Ve ry humtRt e/Bo id 't--'Nk; L~~~~~~~ui -N cc It~~~~~A n a av tera e saroinf uzeid rnili a e sct#W f* laW-" F C b Jh~ Riern¢ sS d> f w x e o G @j4p t d Pi P18d* nw* enfs rJ Ma~iWf nt hVighways n,* cn rb bSesaaco nxdary road P~~~~~~~~~~~~~~~~~~~~~~~~~~~E 198