Haiti: Recent Economic Developments

May 10, 1995

Summary

This paper reviews economic developments in Haiti during 1990–94. In the public finances, the current account of the nonfinancial public sector (before grants) shifted from balance in 1991 to a deficit of 3.8 percent of GDP in 1994. With the lack of foreign financing, capital investment fell to low levels over the period, and the overall deficit (before grants) declined from 4.5 percent of GDP to 4.2 percent of GDP; the deficit was financed mainly by recourse to central bank credit and the accumulation of arrears.

Subject: Balance of payments, Banking, Commercial banks, Current account balance, Economic sectors, Financial institutions, Imports, International trade, Public enterprises, Public sector

Keywords: cement company, central bank, Commercial banks, CR, Current account balance, debt ratio, expenditure control systems, factor payment, fiscal year, Imports, ISCR, long-term debt, primary sector, Public enterprises, Public sector, trade embargo, U.S. dollar, unit price, water supply company, Western Hemisphere

Pages:
74
Volume:
1995
DOI:
https://doi.org/10.5089/9781451817508.002
Issue:
034
Series:
Country Report No. 1995/034
Stock No:
1HTIEA0011995
ISBN:
9781451817508
ISSN:
1934-7685

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Notes

This report on recent economic developments in Haiti was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

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