Implementation Completion Report - Haiti Emergency Economic Recovery Credit
- The EERC was highly successful in achieving its objectives, providing rapid external financing to initiate economic recovery.
- The project demonstrated the commitment of the international community, boosting confidence in the private sector.
- The policy dialogue accompanying the project helped set the stage for medium-term economic policy reform.
- The EERC was instrumental in establishing a successful Central Implementation Unit for emergency projects.
- Haiti's economic performance in 1994/95 was encouraging, with real GDP growth and declining inflation.
The Implementation Completion Report (ICR) assesses the Haiti Emergency Economic Recovery Credit (EERC), approved on December 20, 1994. The EERC aimed to provide urgently needed balance of payments support to reactivate Haiti's economy and initiate economic recovery following a coup d'etat and subsequent economic and social deterioration. The credit was designed as a quick-disbursing emergency operation to finance imports necessary for the Emergency Economic Recovery Program (EERP). The project was fully disbursed by June 1995, six months ahead of schedule, and is considered highly successful in achieving its objectives. The report highlights the importance of strong government commitment, simple project design, and effective management for the success of emergency recovery operations.
How to cite
World Bank, 1996, Implementation Completion Report - Haiti Emergency Economic Recovery Credit, accessed via HaitiDocs, https://www.haitidocs.org/doc/wb-1996-implementation-completion-report-emergency