IMF Staff Country Reports

This paper presents Haiti’s Second Review under the Staff-Monitored Program (SMP). The SMP has helped the government restore macroeconomic stability and strengthen governance and fiscal transparency. The SMP has played an important role in advancing decisive governance reforms to enhance accountability through stronger public finance management, revenue administration, data provision, and anti-corruption measures. The program has been designed to take into account Haiti’s fragility and capacity constraints and has helped the authorities build a record of accomplishment of policy implementation. There has been significant progress on governance issues, and corruption and broader financial integrity risks need to continue to be effectively addressed. The authorities have taken measures to strengthen accountability in the use of public resources and have boosted the transparency of public procurement for emergency resources. The Haitian authorities have expressed interest in another SMP, which should help maintain macroeconomic stability, lock in, and sustain recent approved reforms to further enhance economic resilience and governance.