Haiti: Second Review Under the Staff-Monitored Program-Press Release; and Staff Report

International Monetary Fund

No 2023/230, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents Haiti’s Second Review under the Staff-Monitored Program (SMP). The SMP has helped the government restore macroeconomic stability and strengthen governance and fiscal transparency. The SMP has played an important role in advancing decisive governance reforms to enhance accountability through stronger public finance management, revenue administration, data provision, and anti-corruption measures. The program has been designed to take into account Haiti’s fragility and capacity constraints and has helped the authorities build a record of accomplishment of policy implementation. There has been significant progress on governance issues, and corruption and broader financial integrity risks need to continue to be effectively addressed. The authorities have taken measures to strengthen accountability in the use of public resources and have boosted the transparency of public procurement for emergency resources. The Haitian authorities have expressed interest in another SMP, which should help maintain macroeconomic stability, lock in, and sustain recent approved reforms to further enhance economic resilience and governance.

Keywords: SMP staff report; food price inflation; policy reform; IMF's transparency policy; Haiti's Staff-Monitored Program; economic policy objective; management of the International Monetary Fund; Budget planning and preparation; Energy subsidies; Global (search for similar items in EconPapers)
Pages: 51
Date: 2023-06-26
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