Haiti Poverty Reduction Strategy Paper Progress Report
- Haiti faced significant challenges due to food and fuel price increases and natural disasters, hindering progress on growth targets.
- GDP growth was revised downward from 3.7% to 1.5% due to these shocks.
- The government implemented emergency programs and adjusted objectives to mitigate the impact on the poorest.
- Macroeconomic stability was preserved, but poverty reduction efforts were hampered.
- External assistance is not fully aligned with GPRSP objectives, creating a financing gap.
This report assesses Haiti's implementation of its Poverty Reduction Strategy Paper (PRSP) amidst significant economic shocks. The report acknowledges the challenges posed by rising food and fuel prices, as well as devastating hurricanes, which hindered progress towards growth targets and poverty reduction. It highlights government efforts to maintain macroeconomic stability, improve economic governance, and allocate resources to priority sectors such as agriculture, infrastructure, education, and health. The report also discusses the status of completion point triggers under the Heavily Indebted Poor Countries (HIPC) Initiative and the need for continued reforms to achieve sustainable development.
How to cite
International Monetary Fund (IMF), 2009, Haiti Poverty Reduction Strategy Paper Progress Report, https://www.imf.org/external/pubs/ft/scr/2009/cr09290.pdf