Haiti: First Review Under the Staff-Monitored Program-Press Release; and Staff Report

IMF Staff Country Reports, January 25, 2023

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Canonical URL: Haiti: First Review Under the Staff-Monitored Program-Press Release; and Staff Report

Highlights Haiti’s First Review under the Staff-Monitored Program (SMP).
The SMP will help the government restore macroeconomic stability and lower inflation―a key goal given the burden of high inflation on the poor.
Most elements of the authorities’ program are underpinned by ongoing IMF technical assistance.

The SMP seeks to advance decisive governance reforms to enhance accountability.
Emphasizes greater accountability through stronger public finance management, revenue administration, transparency, and anti-corruption measures.
Progress on governance is key to ensure inclusive growth.
The authorities have taken steps to strengthen accountability in the collection and use of public resources and have boosted the transparency of public procurement for emergency resources.

IMF staff will continue to work closely with the authorities to support implementation of their program and help them build public support.
The IMF Fund will continue to coordinate closely with Haiti’s other development partners to leverage efforts in support of common objectives.

Subjects: Commercial banks, Energy subsidies, Expenditure, Financial institutions, International organization, Monetary policy, Public debt, Revenue administration, Social assistance spending
Keywords: central bank financing, Commercial banks, Energy subsidies, Global, governance reform, Haiti's Staff-Monitored Program, management of the International Monetary Fund, Social assistance spending, transparency policy