(2007-08) Haiti Selected Issues and Statistical Appendix
Summary — This IMF country report on Haiti examines external competitiveness, monetary policy effectiveness, and revenue mobilization. It finds that Haiti's real exchange rate appreciation is largely an equilibrium phenomenon, monetary policy could be strengthened by controlling base money, and domestic revenues could be raised through tax administration improvements.
Key Findings
- Haiti's real exchange rate appreciation is largely an equilibrium phenomenon.
- Monetary policy could be strengthened by controlling base money.
- Domestic revenues could be raised through tax administration improvements.
- Non-price competitiveness problems constrain growth.
- Capital flows and political risk are important determinants of the real exchange rate.
Full Description
This IMF country report analyzes Haiti's external competitiveness, monetary policy effectiveness, and options for increasing domestic revenues. The analysis suggests that Haiti's real exchange rate appreciation is largely an equilibrium phenomenon driven by increased transfers. Monetary policy could be strengthened through a two-step approach, focusing on controlling base money and increasing central bank autonomy. Domestic revenues could be raised significantly through carefully sequenced actions on strengthening tax administration, broadening tax bases, and adjusting tax rates.
Notes
IMF Country Report (07-292)