Haiti: Updating Economic Note
Summary: This report provides an update on Haiti's economic performance during fiscal years 1987/88 and 1988/89. It discusses recent economic developments, public sector investment, and external financing requirements.
Key Findings
- Haiti's real GDP declined by 1.5% in FY88/89.
- Consumer prices rose by 15% in the twelve-month period ending September 1989.
- The public sector deficit remained constant as a percent of GDP (5.7%) in FY88/89, but external sources accounted for a smaller share of financing.
- The current account deficit of the balance of payments deteriorated from 2% of GDP in FY87/88 to 5% in FY88/89.
- The government adopted an economic program for FY89/90 to reduce inflationary pressures and strengthen the balance of payments.
Full Description
This economic note updates Haiti's economic performance during fiscal years 1987/88 and 1988/89. It reviews the economic developments through FY86/87, highlighting policies that led to an inequitable and inefficient economy, and the sound policies introduced between March 1986 and November 1987. The note also examines public sector investment and external financing requirements, including disbursements under the FY90/91 Public Sector Investment Program and financing gaps.
How to cite
World Bank, 1990, Haiti: Updating Economic Note, accessed via HaitiDocs, https://www.haitidocs.org/doc/wb-1990-haiti-updating-economic-note