Haiti: Second and Third Reviews Under the Extended Credit Facility: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Haiti

International Monetary Fund

No 2012/074, IMF Staff Country Reports from International Monetary Fund

Abstract: The staff report on Haiti’s second and third reviews under the Extended Credit Facility is examined. Haiti has emerged from a protracted and tumultuous electoral period. The reconstruction is under way, albeit at a slower pace than anticipated, owing mainly to the protracted electoral agenda and Haiti’s limited administrative and absorptive capacity. The damage caused by the earthquake has been massive, estimated at the equivalent to 120 percent of GDP. The authorities need to sustain high growth, alleviate poverty, and strengthen the country’s resilience to external shocks.

Keywords: ISCR; CR; reform agenda; electricity company; ECF arrangement; company; government; caretaker government; monetary policy effectiveness; Debt relief; Commercial banks; Credit; Global; Caribbean; Central America (search for similar items in EconPapers)
Pages: 74
Date: 2012-04-02
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