Haiti: Sixth Review Under the Extended Credit Facility, Request for Waiver of Performance Criterion, and Augmentation of Access: Staff Report; Staff Statements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Haiti
IMF Staff Country Reports, February 4, 2010
Source details
- Canonical URL
- Haiti: Sixth Review Under the Extended Credit Facility, Request for Waiver of Performance Criterion, and Augmentation of Access: Staff Report; Staff Statements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Haiti
Other formats
Bibliographic details
- Published: February 4, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451817805.002
Summary
- The paper presents Haiti’s Sixth Review under the Extended Credit Facility and request for Waiver of Performance Criterion, and Augmentation of Access.
- It assesses economic and sectoral impacts following severe damage in the Port-au-Prince area and surrounding regions.
Major findings on economic impact
- Manufacturing activity would be hit the most, as the largest enterprises, including the important export textile sector, have been located in the Port-au-Prince area.
- The destruction of government and private buildings is estimated to result in a sharp drop in:
- government services,
- commerce,
- tourism.
- Agriculture, identified as the main growth driver, would be affected owing to widespread damages to the production systems in and around the earthquake area.
Policy actions and program context
- The document is presented in the context of the Extended Credit Facility arrangement.
- It includes a request for:
- a Waiver of Performance Criterion, and
- an Augmentation of Access.
Keywords and thematic coverage
- Subject areas: Banking, Credit, Debt service, Debt sustainability analysis, External debt, Money, Public debt.
- Keywords: Caribbean, CR, Credit, Debt service, Debt sustainability analysis, deficit, emergency augmentation, emergency IMF assistance, emergency import, executive board discussion, financing, Global, ISCR, PRGF arrangement, SDR, Western Hemisphere.
International Monetary Fund. Haiti: Sixth Review Under the Extended Credit Facility, Request for Waiver of Performance Criterion, and Augmentation of Access: Staff Report; Staff Statements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Haiti. February 4, 2010.
Content in this bundle
- Executive Summary