Haiti: First Review Under the Extended Credit Facility Arrangement-Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Haiti.
IMF Staff Country Reports, May 13, 2011
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- Haiti: First Review Under the Extended Credit Facility Arrangement-Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Haiti.
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Bibliographic details
- Published: May 13, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455286607.002
Economic recovery and outlook
- The economy of Haiti is recovering despite the challenging international and domestic environments.
- Reconstruction is under way, albeit at a slower pace than envisaged.
- The humanitarian response from donors to the 2010 earthquake was quick and sizable.
Fiscal policy and reconstruction financing
- The FY2011 budget appropriately supports the reconstruction objectives in a context of sustainable public financing.
- International assistance is critical to recovering from the 2010 earthquake in Haiti.
Monetary policy and inflation
- Monetary policy remains geared toward keeping inflation in the single digits.
Structural reforms and private sector
- The structural reform agenda continues to focus on improving the business climate and promoting private sector-led growth.
Key themes and policy implications
- Continued donor support and timely international assistance are essential to accelerate reconstruction.
- Maintaining a sustainable fiscal stance through budgets like FY2011 is important to balance reconstruction needs with public finance sustainability.
- Monetary policy should sustain an orientation to keep inflation in the single digits to support recovery and stability.
- Structural reforms to improve the business climate are central to promoting private sector-led growth and longer-term recovery.
Haiti: First Review Under the Extended Credit Facility Arrangement-Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Haiti. May 13, 2011