Haiti First ECF Review
- Real GDP is expected to grow by 8.6 percent in FY 2011.
- Twelve-month inflation rose to 7.2 percent in March 2011.
- The fiscal deficit is projected to widen to 7.4 percent of GDP.
- Net international reserves rose to about $1.1 billion.
- The authorities are committed to increasing domestic revenue and strengthening public procurement.
The IMF report assesses Haiti's first review under the Extended Credit Facility arrangement. It notes that the economy is recovering despite domestic and international challenges, with essential state functions restored and prudent macroeconomic policies in place. The report highlights satisfactory program implementation, meeting performance criteria and structural benchmarks, albeit with some delays. Key policy recommendations focus on consolidating economic recovery, safeguarding macroeconomic stability, improving public financial management, and promoting private sector-led growth. The report recommends completion of the first review, citing good performance and strong commitment from the authorities.
How to cite
International Monetary Fund (IMF), 2011, Haiti First ECF Review, https://www.imf.org/external/pubs/ft/scr/2011/cr11106.pdf