Haiti 2001 Article IV Consultation
- Real GDP declined by around 2 percent in FY2000/01.
- Fiscal deficit widened due to declining revenues and lack of budgetary aid.
- Monetary policy remained tight, contributing to a decline in credit to the private sector.
- Political instability and governance issues hindered economic progress.
- Strong fiscal adjustment and structural reforms are needed to restore macroeconomic stability.
The 2001 Article IV consultation with Haiti revealed a deteriorating economic situation characterized by declining real GDP, high inflation, and a widening fiscal deficit financed primarily by the central bank. The report emphasizes the urgent need for a strong fiscal adjustment, including increased revenue mobilization and expenditure control, alongside structural reforms to improve governance and private sector confidence. Discussions focused on achieving macroeconomic stability and laying the groundwork for a potential PRGF arrangement, contingent on resolving the political crisis and demonstrating commitment to sound policies.
How to cite
International Monetary Fund (IMF), 2002, Haiti 2001 Article IV Consultation, https://www.imf.org/external/pubs/ft/scr/2002/cr0217.pdf