Haiti Selected Issues - Fiscal Performance, Public Employment, Central Bank Losses, Assembly Exports
- Haiti's government finances are characterized by low and volatile levels of revenue and expenditure.
- Public sector employment in Haiti is extremely modest compared to other countries.
- The Central Bank of Haiti (BRH) has incurred large losses since 2000 due to a mismatch in its balance sheet.
- Haiti's international reserves have been inadequate since late 2002, requiring restoration to provide adequate protection against external vulnerability.
- Haiti's assembly sector exports are highly concentrated on apparel assembly products for the U.S. market, facing challenges with the expiration of quotas.
This Selected Issues paper for Haiti provides an in-depth analysis of several key economic challenges facing the country. It examines fiscal performance and medium-term issues, highlighting the need for ambitious fiscal reforms to support development. The report also assesses public sector employment, finding it to be extremely modest compared to other countries. It analyzes the losses of Haiti's central bank and discusses strategies to address them. Furthermore, it evaluates reserve adequacy in Haiti and explores the potential of the assembly sector for export growth. The paper concludes with policy recommendations aimed at strengthening Haiti's economy and promoting sustainable development.
Selected issues in this volume:
• Fiscal Performance and Medium-Term Issues
• Public Sector Employment in Haiti
• Losses of Haiti’s Central Bank
• Reserve Adequacy in Haiti
• Haiti—Assembly Sector Exports
How to cite
International Monetary Fund (IMF), 2005, Haiti Selected Issues - Fiscal Performance, Public Employment, Central Bank Losses, Assembly Exports, https://www.imf.org/external/pubs/ft/scr/2005/cr05205.pdf