Haiti Request for Extension of PRGF Arrangement
- Quantitative performance criteria were met through end-September 2009.
- The zero ceiling on contracting non-concessional external debt was breached.
- Overall progress toward meeting structural conditionality was satisfactory, although some benchmarks were not met.
- A new three-year ECF arrangement is requested to help sustain economic growth.
- The sixth review under the PRGF arrangement has been delayed due to the change in government.
The IMF staff report examines Haiti's request for an extension of the Poverty Reduction and Growth Facility (PRGF) arrangement. It reviews macroeconomic performance through end-September 2009, noting that quantitative performance criteria were met, but the zero ceiling on non-concessional external debt was breached. The report also discusses structural reforms, highlighting that while some benchmarks were not met, overall progress toward structural conditionality was satisfactory. The report supports the authorities' request for an extension of the PRGF arrangement through May 31, 2010, to allow for completion of the sixth review and final disbursement.
How to cite
International Monetary Fund (IMF), 2011, Haiti Request for Extension of PRGF Arrangement, https://www.imf.org/external/pubs/ft/scr/2011/cr11136.pdf