(2020) Post-COVID-19 Economic Recovery Plan 2020-2023 (PREPOC): Four Pillars for Macroeconomic Stabilization and Recovery
Summary — Haiti's Ministry of Economy and Finance's Post-COVID-19 Economic Recovery Plan (PREPOC) for 2020-2023, organized around four pillars covering economic diversification, infrastructure and energy, security and rule of law, and support to SMEs and job creation.
Key Findings
- The plan is built on a three-part diagnosis of political instability and weak public/financial governance, worsening poverty and weak human capital, and weak growth compounded by macroeconomic imbalances, low domestic resource mobilization, and exchange rate and inflation pressures. It organizes Haiti's post-COVID recovery around four pillars: diversification and structural transformation of the economy, infrastructure and energy development, security and rule of law, and support to SMEs and job creation. It explicitly situates itself within existing national frameworks, notably the PSDH, the State Modernization Program (PME 2018-2023), and the Public Finance Reform Framework and PAT 2020-2022.
Full Description
The PREPOC 2020-2023 sets out Haiti's Post-COVID-19 economic recovery strategy. Its introductory chapters diagnose the country's situation on three fronts: public governance (political instability, insecurity and weak administrative and financial governance), social conditions (worsening poverty and inequality, weak human capital, low incomes and high unemployment), and the economy and finances (weak growth, persistent macroeconomic imbalances, a narrow and dependent productive base, weak production infrastructure, vulnerability to shocks, weak domestic resource mobilization, and exchange rate and inflation pressures). The plan then reviews existing national strategic frameworks it builds on, including the PSDH, the national social protection policy, the ten-year education plan, the national disaster risk management plan, the State Modernization Program (PME 2018-2023), and the Public Finance Reform Framework and its PAT 2020-2022 action plan, along with regional and international commitments. On this basis it defines four pillars of intervention for 2020-2023: diversification and structural transformation of the economy (agriculture and agro-industry, manufacturing, construction, tourism and crafts, and the digital economy); development of basic infrastructure and energy services (roads, ports and airports, electricity, and water); strengthening of security and the rule of law (internal security, border security, and governance of the security and justice sector); and support to SMEs and job creation.