Haiti: Use of Fund Resources—Request for Emergency Post-Conflict Assistance

International Monetary Fund

No 2005/404, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses the Use of IMF Resources in Haiti and Request for Emergency Post-Conflict Assistance (EPCA). The EPCA-supported program was on track until May 2005. All end-December and end-March targets were observed, inflation declined, the exchange rate stabilized, and net international reserves were increased. However, following expansionary fiscal and monetary policies during May–June, most end-June targets were missed. Also, while many structural measures were implemented as envisaged, progress on key structural measures, including the census of public employment and domestic arrears, was delayed.

Keywords: ISCR; CR; financing; Emergency Post-Conflict Assistance; EPCA financing; IMF policy advice; IMF's Emergency Post-Conflict Assistance; IMF Emergency Post-Conflict Assistance; financing gap; Emergency assistance; Commercial banks; Credit; Arrears; Global (search for similar items in EconPapers)
Pages: 81
Date: 2005-11-11
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