Annual Report 2001
Summary: Output contracted 1.1 percent as the political crisis blocked external assistance, yet tight monetary policy brought inflation down to 12.34 percent and appreciated the gourde by about 10 percent.
Key Findings
- Real GDP contracted 1.1 percent, after three consecutive years of growth and the marked slowdown of 2000.
- Inflation fell from 15.32 to 12.34 percent year-on-year, and the reference exchange rate from 28.33 to 25.49 gourdes, an appreciation of about 10 percent.
- The exchange rate was held within a band of 22.5 to 25.4 gourdes through high BRH bill rates.
- The deficit exceeded 1.5 billion gourdes by the end of the second quarter, against a full-year monetary financing ceiling of 700 million in the staff-monitored programme.
- Monetary financing reached 2.3 billion gourdes over the year, and the BRH relied on bills and reserve requirements together to contain the result.
Full Description
The Bank of the Republic of Haiti's annual report for fiscal year FY2001, covering 1 October 2000 to 30 September 2001: the conduct of monetary policy and its instruments, the real sector, prices and the exchange rate, public finances and the balance of payments, the state of the banking system the BRH supervises, and the central bank's own operations and audited financial statements. Output contracted 1.1 percent as the political crisis blocked external assistance, yet tight monetary policy brought inflation down to 12.34 percent and appreciated the gourde by about 10 percent.
How to cite
Bank of the Republic of Haiti (BRH), Annual Report 2001, https://www.brh.ht/wp-content/uploads/rapport2001.pdf