Haiti: Staff-Monitored Program-Press Release; and Staff Report

August 30, 2023

Preview Citation

Format: Chicago

Haiti: Staff-Monitored Program-Press Release; and Staff Report, (USA: International Monetary Fund, 2023) accessed November 12, 2024

Summary

This paper presents Haiti’s Staff-Monitored Program (SMP). Building on progress achieved under the previous SMP, which was satisfactorily concluded in May 2023, the new 9-month SMP should contribute to macroeconomic stability by helping Haiti sustain recent policy reforms designed to enhance economic resilience and governance. Haiti faces a challenging macroeconomic outlook amid a dire humanitarian crisis. The country has been hit hard by economic spillovers from Russia’s invasion of Ukraine, including food price inflation that has triggered a hunger crisis. This global shock has been compounded by a highly volatile security situation in Haiti, which has heightened the economy’s fragility. The authorities have also recently made a formal request for an IMF Governance Diagnostic, which is a very welcome development and will help Haiti solidify the early improvements achieved during the recently concluded SMP. The diagnostics are designed to help inform governance and anti-corruption strategies, including sequencing of reforms.

Subject: Budget planning and preparation, Energy subsidies, Expenditure, International organization, Monetary policy, Public financial management (PFM), Revenue administration

Keywords: Budget planning and preparation, Energy subsidies, Food price inflation, Global, IMF governance Diagnostic, Management of the International Monetary Fund, SMP policy, SMP staff report, Transparency policy

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/315
Stock No:

1HTIEA2023004
ISBN:

9798400252860
ISSN:

1934-7685

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