Haiti Sixth ECF Review
- Growth continued to be modest due to long-standing frail capacity and structural weaknesses.
- Fiscal performance was weaker than budgeted due to lower revenue collection.
- Program implementation is broadly satisfactory, but some structural benchmarks remain to be fully implemented.
- Priority should be given to increasing domestic revenue and rationalizing current expenditure.
- The authorities have requested a one-year extension of the ECF arrangement.
The IMF's sixth review of Haiti under the Extended Credit Facility (ECF) arrangement highlights the need for continued structural reforms to bolster economic growth and stability. Discussions focused on addressing weak revenue collection, improving public financial management, and strengthening monetary policy transmission. The report requests a one-year extension of the ECF arrangement to allow Haiti to consolidate gains and complete key reforms, particularly in the fiscal area, while also rephasing disbursements to align with the extended timeline. Key priorities include increasing domestic revenue, rationalizing current expenditure, and tackling impediments to public investment.
How to cite
International Monetary Fund (IMF), 2013, Haiti Sixth ECF Review, https://www.imf.org/external/pubs/ft/scr/2013/cr13260.pdf