Haiti: Use of Fund Resources—Request for Emergency Post-Conflict Assistance
November 11, 2005
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This paper discusses the Use of IMF Resources in Haiti and Request for Emergency Post-Conflict Assistance (EPCA). The EPCA-supported program was on track until May 2005. All end-December and end-March targets were observed, inflation declined, the exchange rate stabilized, and net international reserves were increased. However, following expansionary fiscal and monetary policies during May–June, most end-June targets were missed. Also, while many structural measures were implemented as envisaged, progress on key structural measures, including the census of public employment and domestic arrears, was delayed.
Subject: Arrears, Bank deposits, Banking, Commercial banks, Credit, Emergency assistance, External debt, Financial institutions, Foreign aid, Money, Revenue administration
Keywords: Arrears, Commercial banks, CR, Credit, Emergency assistance, Emergency Post-Conflict Assistance, EPCA financing, financing, financing gap, Global, IMF Emergency Post-Conflict Assistance, IMF policy advice, IMF's Emergency Post-Conflict Assistance, ISCR
Pages:
81
Volume:
2005
DOI:
Issue:
404
Series:
Country Report No. 2005/404
Stock No:
1HTIEA2005004
ISBN:
9781451817621
ISSN:
1934-7685
