Haiti Request for Rapid Credit Facility Disbursement
- Hurricane Matthew caused significant damage, estimated at 23% of GDP.
- Real GDP growth for 2016/17 has been reduced by 0.7 percentage points due to the hurricane.
- Additional budgeted capital expenditures equivalent to 4.3% of GDP are needed for rehabilitation and reconstruction.
- The fiscal deficit is expected to widen to 5.3% of GDP.
- Total public sector external debt is expected to reach 35% of GDP by FY 2020/21.
This IMF country report focuses on Haiti's request for disbursement under the Rapid Credit Facility (RCF) in the aftermath of Hurricane Matthew. The documents included are a press release, a staff report prepared by the IMF team for the Executive Board's consideration, a debt sustainability analysis prepared by the staffs of the IMF and the International Development Association, and a statement by the Executive Director for Haiti. The report assesses the economic impact of the hurricane, discusses policies to safeguard sustainability and growth, and analyzes Haiti's capacity to repay the Fund.
How to cite
International Monetary Fund (IMF), 2017, Haiti Request for Rapid Credit Facility Disbursement, https://www.imf.org/-/media/files/publications/cr/2017/cr1738.pdf