Haiti Poverty Reduction Strategy Paper Progress Report
- Real GDP grew by an estimated 5.6 percent in 2011 after a 5.1 percent decline in 2010.
- Merchandise exports increased by 36 percent due to improved market access to the US.
- The overall balance of payments recorded a surplus of 2.3 percent of GDP.
- Gross international reserves reached US$2.1 billion (5.3 months of imports) at end-December 2011.
- The pace of reconstruction and recovery was slower than planned due to weak capacity and political crisis.
This report assesses Haiti's progress in implementing its Poverty Reduction Strategy Paper (PRSP) following the devastating 2010 earthquake. It reviews the macroeconomic framework, including GDP growth, inflation, and fiscal performance, noting the significant impact of the earthquake on economic indicators. The report also examines reconstruction efforts, highlighting both achievements and challenges in areas such as housing, infrastructure, education, and health. Furthermore, it discusses key developments in national recovery and development, including the Action Plan for National Recovery and Development of Haiti (PARDH) and initiatives to improve governance and reduce corruption. The report emphasizes the need for continued efforts to increase efficiency, coordination, and prioritization in reconstruction and development activities to achieve sustainable growth and poverty reduction in Haiti.
How to cite
International Monetary Fund (IMF), 2012, Haiti Poverty Reduction Strategy Paper Progress Report, https://www.imf.org/external/pubs/ft/scr/2012/cr1275.pdf