Report on the Implementation of the Public Finance Reform (January–June 2023)
Summary — The CRFP-GE's progress report on the implementation of Haiti's public finance reform for January–June 2023.
Key Findings
- The September 2023 CRFP-GE report reviews public finance reform implementation from January to June 2023.
- It places the reform effort in a depressed economy and in the context of IMF-supported stabilization, including a June 2022 reference program and new June 2023 commitments.
- The report notes negative GDP growth of 2.1 percent in the referenced quarter after a 3.7 percent decline in the first quarter.
- External indicators remained weak: the 2021-2022 trade deficit was 22.1 percent of GDP, exports fell 20 percent in the first six months of FY2022-2023 and imports fell only 2 percent.
- Net international reserves increased from 114 million US dollars in October 2022 to 241 million in December 2022 and 480 million at 31 May 2023.
- Inflation peaked at 49 percent in January 2023 and decelerated to 39.8 percent in July 2023; monetary financing fell from 42.3 billion gourdes to 12.9 billion gourdes between 30 July 2022 and 30 July 2023.
Full Description
The CRFP-GE's progress report on the implementation of Haiti's public finance reform for January–June 2023.
How to cite
Public Finance and Economic Governance Reform Commission (CRFP-GE), Report on the Implementation of the Public Finance Reform (January–June 2023), https://crfpge.gouv.ht/publications/1750075079_CRFP-Rap_RA f_Fin_Pub_janvier-Juin2023_VFinalisA le28-09-2023_ok.pdf