Haiti: Selected Issues
IMF Staff Country Reports, June 24, 2015
Source details
- Canonical URL
- Haiti: Selected Issues
Other formats
Bibliographic details
- Published: June 24, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513541587.002
Overview
- This Selected Issues paper examines opportunities and challenges for growth in Haiti.
- Achieving a sustained increase in living standards in Haiti will require deep-seated reforms across a range of areas.
- Diversifying the export base is needed to cushion the impact of severe shocks that have reduced per capita income and prevented a sustained increase in the capital stock.
- Integration into global-value chains would allow Haiti to take advantage of its proximity to the U.S. market and favorable trade preferences to:
- generate employment,
- spur the creation of human capital, and
- allow Haiti to begin climbing the value added chain.
Key findings and analysis
- Severe shocks have reduced per capita income and prevented a sustained increase in the capital stock.
- Haiti’s proximity to the U.S. market and favorable trade preferences present an opportunity for integration into global-value chains.
- Diversification of the export base is identified as a priority to cushion the economy against shocks and support longer-term growth.
Policy recommendations and implications
- Implement deep-seated reforms across a range of areas to achieve sustained increases in living standards.
- Pursue strategies to diversify the export base to reduce vulnerability to shocks.
- Promote integration into global-value chains to:
- generate employment,
- develop human capital, and
- move up the value added chain.
Content in this bundle
- Haiti: Selected Issues; IMF Country Report 15/158; May 6, 2015