Haiti: Third Review Under the Staff-Monitored Program and Request for Extension — Press Release; and Staff Report
- Haiti's security and humanitarian crises continue to deteriorate, compounded by recurrent shocks and a fragile political transition.
- Real GDP contracted for a seventh consecutive year in FY2025, with a further contraction expected in FY2026, and inflation remains elevated.
- All end-December 2025 Staff-Monitored Program (SMP) targets were met, and the program is extended through June 2027 to anchor stability.
- Fiscal conditions are extremely weak due to declining domestic revenues, security disruptions, and rising implicit fuel subsidy costs.
- Governance reforms, revenue mobilization, and budget execution are critical but face delays due to security and capacity constraints.
This IMF report details the third review of Haiti's Staff-Monitored Program (SMP) and the request for its extension. The IMF Management approved the review and extended the SMP through June 19, 2027, acknowledging that all program targets were met as of end-December 2025. However, Haiti continues to grapple with a severe and deteriorating security and humanitarian crisis, recurrent adverse shocks (including an oil price shock and Hurricane Melissa in October 2025), and a fragile political transition.
Economic conditions remain dire, with real GDP contracting for a seventh consecutive year in FY2025 and further contraction expected in FY2026. Inflation remains elevated, though it has eased recently. Fiscal conditions are extremely weak due to declining domestic revenues, security disruptions, and institutional paralysis, exacerbated by rising implicit fuel subsidy costs. The report emphasizes the importance of strengthening governance, revenue mobilization, budget execution, and safeguarding monetary and financial stability, while also improving data quality and collaborating with development partners to manage fiscal risks.
How to cite
International Monetary Fund (IMF), 2026, Haiti: Third Review Under the Staff-Monitored Program and Request for Extension — Press Release; and Staff Report, https://www.imf.org/en/publications/cr/issues/2026/05/21/haiti-third-review-under-the-staff-monitored-program-and-request-for-extension-press-576263