Haiti Staff-Monitored Program
Summary: This paper discusses the staff-monitored program for Haiti, prepared by the IMF. It focuses on macroeconomic stabilization in the aftermath of conflict, aiming to contain inflation and maintain net international reserves.
Key Findings
- The economic impact of the political crisis and armed rebellion has been severe, resulting in property damage and disruptions in economic activity.
- The gourde has strengthened since the end of the armed conflict, stabilizing above its pre-conflict level.
- Large expenditure cuts were required to keep the fiscal position in check, with authorities cutting recurrent and capital expenditure.
- The program for April-September 2004 focuses on macroeconomic stabilization, aiming to contain inflation and maintain net international reserves.
- The authorities are committed to respecting the original budget ceiling for BRH financing and improving tax collection.
Full Description
This paper on Haiti's staff-monitored program (SMP) focuses on macroeconomic stabilization following the armed conflict and political transition. The SMP aims to preserve financial stability, support economic recovery, and establish a track record of policy implementation. Key objectives include containing inflation, maintaining net international reserves, and implementing structural reforms to improve governance and transparency. The program is designed to build a basis for future financial assistance and mobilize donor support.
How to cite
International Monetary Fund (IMF), 2004, Haiti Staff-Monitored Program, https://www.imf.org/external/pubs/ft/scr/2004/cr04216.pdf