Haiti: Staff Report for the 2015 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility

International Monetary Fund

No 2015/157, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2015 Article IV Consultation highlights that a drought that affected agricultural output slowed Haiti’s GDP growth to 2.7 percent in FY2014, but inflation remained in the mid-single digits. The overall fiscal deficit of the central government remained high, in part owing to one-off investment related to Hurricane Sandy. International reserves remained appropriate at about 5 months of imports. The implementation of structural reforms to support growth underpins the medium-term outlook, which is nonetheless subject to downside risks. GDP growth in FY2015 is expected to be between 2–3 percent, and to increase to 3–4 percent in the medium term.

Keywords: ISCR; CR; government; SDR; oil price decrease; price; reform package; untargeted fuel price subsidy; government of Haiti; BRH repurchase operation; Oil prices; International reserves; Credit; Caribbean; Global (search for similar items in EconPapers)
Pages: 104
Date: 2015-06-24
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