Haiti: Recent Economic Developments

International Monetary Fund

No 1995/034, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in Haiti during 1990–94. In the public finances, the current account of the nonfinancial public sector (before grants) shifted from balance in 1991 to a deficit of 3.8 percent of GDP in 1994. With the lack of foreign financing, capital investment fell to low levels over the period, and the overall deficit (before grants) declined from 4.5 percent of GDP to 4.2 percent of GDP; the deficit was financed mainly by recourse to central bank credit and the accumulation of arrears.

Keywords: ISCR; CR; U.S. dollar; central bank; fiscal year; trade embargo; unit price; primary sector; factor payment; water supply company; long-term debt; debt ratio; cement company; expenditure control systems; Public sector; Commercial banks; Public enterprises; Current account balance; Imports; Western Hemisphere (search for similar items in EconPapers)
Pages: 74
Date: 1995-05-10
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