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.
April 2, 2012
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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.
Subject: Asset and liability management, Commercial banks, Credit, Debt relief, External debt, Financial institutions, Money, Public debt
Keywords: caretaker government, Caribbean, Central America, Commercial banks, company, CR, Credit, Debt relief, ECF arrangement, electricity company, Global, government, ISCR, monetary policy effectiveness, reform agenda
Pages:
74
Volume:
2012
DOI:
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Issue:
074
Series:
Country Report No. 2012/074
Stock No:
1HTIEA2012001
ISBN:
9781475502695
ISSN:
1934-7685
