Haiti Enhanced HIPC Preliminary Document
- Haiti's external debt burden would remain above the HIPC threshold after traditional debt relief.
- HIPC debt relief is estimated to be US$139 million in end-September 2005 NPV terms.
- MDRI relief is estimated at about US$243 million in NPV terms.
- Real output growth is projected to average 4.7 percent over the period 2006–25.
- Fiscal revenues are projected to increase gradually to about 16 percent of GDP by FY2025.
This preliminary assessment of Haiti's eligibility for assistance under the Enhanced HIPC Initiative indicates that Haiti's external debt burden would remain above the HIPC threshold after traditional debt relief mechanisms. To qualify, Haiti needs to continue satisfactory implementation of the Emergency Post-Conflict Assistance (EPCA) supported macroeconomic program, agree on completion point triggers, and finalize its I-PRSP. Possible HIPC debt relief is estimated at US$139 million in end-September 2005 NPV terms, with an additional US$243 million from the Multilateral Debt Relief Initiative (MDRI). Debt relief under HIPC and MDRI would help Haiti accelerate progress towards the Millennium Development Goals (MDGs).
How to cite
International Monetary Fund (IMF), 2006, Haiti Enhanced HIPC Preliminary Document, https://www.imf.org/external/pubs/ft/scr/2006/cr06338.pdf