Haiti: Staff Report for the 2001 Article IV Consultation

International Monetary Fund

No 2002/017, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2001 Article IV Consultation highlights that Haiti’s performance under the Staff-Monitored Program (SMP) during FY2000/01 was weak. Real GDP is estimated to have declined by about 2 percent, reflecting tight monetary conditions and the negative expectations raised by the continuing high fiscal imbalance and central bank financing; inflation remained broadly unchanged at about 16 percent during most of the year. Tight monetary conditions and crowding out by the public sector combined with the weak economy and continuing political uncertainty all contributed to a sharp decline in credit to the private sector.

Keywords: ISCR; CR; deficit; staff appraisal; arrears to the IDB; IDB's disbursement; regime; managed floating exchange rate regime; inflation rate; central bank financing; International reserves; Commercial banks; Public sector; Oil prices; Caribbean; Western Hemisphere (search for similar items in EconPapers)
Pages: 49
Date: 2002-02-08
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