Haiti: Staff Report for the 2001 Article IV Consultation
February 8, 2002
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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.
Subject: Banking, Central banks, Commercial banks, Economic sectors, Financial institutions, International reserves, Oil prices, Prices, Public debt, Public sector
Keywords: arrears to the IDB, Caribbean, central bank financing, Commercial banks, CR, deficit, IDB's disbursement, inflation rate, International reserves, ISCR, managed floating exchange rate regime, Oil prices, Public sector, regime, staff appraisal, Western Hemisphere
Pages:
49
Volume:
2002
DOI:
Issue:
017
Series:
Country Report No. 2002/017
Stock No:
1HTIEA0012002
ISBN:
9781451817553
ISSN:
1934-7685
