Haiti: Staff-Monitored Program-Press Release; and Staff Report
IMF Staff Country Reports, August 30, 2023
Source details
- Canonical URL
- Haiti: Staff-Monitored Program-Press Release; and Staff Report
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Bibliographic details
- Published: August 30, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400252860.002
Summary and Purpose
- Presents Haiti’s Staff-Monitored Program (SMP).
- Builds on progress achieved under the previous SMP, which was satisfactorily concluded in May 2023.
- The new 9-month SMP is intended to contribute to macroeconomic stability by helping Haiti sustain recent policy reforms designed to enhance economic resilience and governance.
Macroeconomic outlook and risks
- Haiti faces a challenging macroeconomic outlook amid a dire humanitarian crisis.
- The country has been hit hard by economic spillovers from Russia’s invasion of Ukraine, including food price inflation that has triggered a hunger crisis.
- This global shock has been compounded by a highly volatile security situation in Haiti, which has heightened the economy’s fragility.
Governance and diagnostics
- The authorities have made a formal request for an IMF Governance Diagnostic.
- The Governance Diagnostic is described as a very welcome development that will help Haiti solidify the early improvements achieved during the recently concluded SMP.
- Diagnostics are designed to help inform governance and anti-corruption strategies, including sequencing of reforms.
The SMP’s intended contribution
- Strengthen macroeconomic stability.
- Sustain recent policy reforms targeted at enhancing:
- Economic resilience.
- Governance.
Thematic coverage (as listed)
- Budget planning and preparation
- Energy subsidies
- Expenditure
- International organization
- Monetary policy
- Public financial management (PFM)
- Revenue administration
Keywords (as listed)
- Budget planning and preparation
- Energy subsidies
- food price inflation
- Global
- IMF governance Diagnostic
- management of the International Monetary Fund
- SMP policy
- SMP staff report
- transparency policy
Content in this bundle
- Imf Country Report No. 23/315 — Haiti: Staff-Monitored Program—Press Release; and Staff Report