Haiti Enhanced HIPC Completion Point Document
- Haiti has made satisfactory progress in implementing reforms for reaching the completion point.
- HIPC and MDRI assistance would significantly reduce Haiti's debt burden.
- Haiti's debt-to-exports ratio after HIPC relief would be worse than anticipated at decision point, but additional bilateral relief would bring it just below the HIPC threshold.
- Haiti's risk of debt distress would remain high due to borrowing requirements and a weak export base.
- The staffs recommend that the Executive Directors of IDA and the IMF approve the completion point for Haiti under the Enhanced HIPC Initiative.
The document discusses Haiti's progress under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative and recommends that the Executive Directors of the International Development Association (IDA) and the International Monetary Fund (IMF) approve the completion point for Haiti. It assesses Haiti's performance in meeting the requirements for the completion point, including preparation of a full PRSP, macroeconomic stability, strengthened public finance management, structural reforms, social sector improvements, and debt management capacity. The report also provides an updated debt sustainability analysis (DSA), including the status of creditor participation and delivery of debt relief under the HIPC and MDRI Initiatives.
How to cite
International Monetary Fund (IMF), 2009, Haiti Enhanced HIPC Completion Point Document, https://www.imf.org/external/pubs/ft/scr/2009/cr09288.pdf