IMF constituency meeting, October 2025: Haiti's second SMP review and a call for fragile-state instruments
- Haiti's economy has been in recession for seven years, with high inflation.
- The second SMP review was completed with all quantitative and indicative criteria met.
- The BRH cited relative exchange rate stability, borrower moratoria and credit to strategic sectors.
- The Governor asked the IMF for instruments adapted to fragile and island states.
The Governor listed the external pressures on fragile states: commodity price volatility, geopolitical tension, climate hazards and tighter migration policies. For Haiti he said these pressures, together with insecurity, have fed structural imbalances in an economy that has been in prolonged recession for seven years, with high inflation and disrupted supply of essential goods. He said some SMP targets were far exceeded and structural benchmarks are advancing well.
He listed the BRH's achievements as relative exchange rate stability, support for borrowers through moratoria, better governance and credit directed to strategic sectors. He said recovery depends on better security, a stronger productive base and an investment-friendly environment. He noted that the support available through the Fund remains limited and that a financing gap is hard to close, and asked the IMF to adapt its instruments with innovative mechanisms for fragile and island states and to give them better representation in decision bodies. He thanked the Brazilian chair for representing Haiti on the Executive Board.
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Bank of the Republic of Haiti (BRH), IMF constituency meeting, October 2025: Haiti's second SMP review and a call for fragile-state instruments, https://www.brh.ht/publications/discours-du-gouverneur/
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- Banque de la République d'Haïti (BRH)