Annual Report 2005
Summary: The economy returned to growth of 1.80 percent under the Interim Cooperation Framework, and inflation was brought down from 22.50 to 14.84 percent, though growth still trailed population.
Key Findings
- Real output grew 1.80 percent, ending the recession, but stayed below population growth of more than 2 percent.
- Inflation was brought down from 22.50 to 14.84 percent and M2 growth contained at 12.62 percent, using interest rates to defend the exchange rate.
- Net current transfers reached 1.3 billion US dollars against 993 million in 2004, the overall balance moved into surplus and external debt arrears were cleared.
- Credit to the private sector grew 5.60 percent in real terms, after contracting about 14 percent in 2004.
- The Interim Cooperation Framework committed an estimated 1.3 billion US dollars over July 2004 to September 2006.
- The BRH argued for introducing Treasury bills as a non-inflationary alternative for financing public development projects.
Full Description
The Bank of the Republic of Haiti's annual report for fiscal year FY2005, covering 1 October 2004 to 30 September 2005: 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. The economy returned to growth of 1.80 percent under the Interim Cooperation Framework, and inflation was brought down from 22.50 to 14.84 percent, though growth still trailed population.
How to cite
Bank of the Republic of Haiti (BRH), Annual Report 2005, https://www.brh.ht/wp-content/uploads/rapport2005.pdf