Haiti: Seventh Review Under the Extended Credit Facility, Requests for Waiver of Nonobservance of Performance Criterion, and Modification of Performance Criteria

International Monetary Fund

No 2014/105, IMF Staff Country Reports from International Monetary Fund

Abstract: This Seventh Review Under the Extended Credit Facility of Haiti focuses on economic activity that continued to advance in FY2013, despite negative weather events early in the fiscal year. The fiscal deficit increased to 6.7 percent of GDP in FY2013 owing to a gasoline price freeze that dented revenues and on transfers to the electricity sector. The evolution of monetary aggregates reflected government policies and some dedollarization, while the banking system remained well capitalized and profitable. The macroeconomic outlook and the conditions for policy implementation are subject to a number of downside risks.

Keywords: ISCR; CR; ECF arrangement; IMF's executive board Completes Seventh Review; equivalent; reform measure; larger-than-programmed investment spending; financing constraint; government effectiveness; Public investment and public-private partnerships (PPP); Public investment spending; Credit; Caribbean; Global (search for similar items in EconPapers)
Pages: 83
Date: 2014-04-29
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