Haiti: Staff Report for the 1999 Article IV Consultation

International Monetary Fund

No 1999/105, IMF Staff Country Reports from International Monetary Fund

Abstract: This 1999 Article IV Consultation highlights that progress on structural reforms in Haiti in FY1998/99 has been mixed. In the financial sector, the central bank’s supervisory capacity and the regulatory framework continued to be strengthened. Performance under the FY1997/98 Staff-Monitored Program (year ending in September) was satisfactory. As a result of firm policy implementation, inflation was reduced, the external current account deficit narrowed, and official net international reserves rose. Output growth picked up to about 3 percent. Credit policy was tighter than programmed, although the fiscal deficit was slightly higher than in the program.

Keywords: ISCR; CR; staff appraisal; salary scale; deficit; wage base; fund hold follow-up discussion; central government deficit; fund-sponsored expert; Structural reforms; International reserves; Credit; Western Hemisphere; North America; Caribbean (search for similar items in EconPapers)
Pages: 48
Date: 1999-09-24
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