{
  "title": "Haiti: Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Haiti",
  "publication": "IMF Staff Country Reports, February 6, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/02/06/haiti-request-for-disbursement-under-the-rapid-credit-facility-press-release-staff-report-44627",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2017/02/06/haiti-request-for-disbursement-under-the-rapid-credit-facility-press-release-staff-report-44627",
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  "summary": "This paper discusses Haiti’s Request for Disbursement Under the Rapid Credit Facility (RCF). The Haitian authorities are requesting emergency financial assistance under the IMF’s RCF to address the urgent balance of payments and fiscal needs associated with the rehabilitation and reconstruction efforts. The authorities are also seeking grants and additional concessional financing from multilateral and bilateral donors to cover the remaining financing needs stemming from the emergency humanitarian and reconstruction efforts. It is anticipated that the assistance provided by the IMF under the RCF will play an important catalytic role in facilitating the provision of these resources to Haiti.",
  "publishDate": "2017-02-06",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Overview",
      "content": "- The Haitian authorities request emergency financial assistance under the IMF’s Rapid Credit Facility (RCF) to address urgent balance of payments and fiscal needs associated with rehabilitation and reconstruction efforts.\n- The authorities are also seeking grants and additional concessional financing from multilateral and bilateral donors to cover remaining financing needs stemming from emergency humanitarian and reconstruction efforts.\n- The IMF assistance under the RCF is anticipated to play an important catalytic role in facilitating the provision of these resources to Haiti."
    },
    {
      "heading": "Key Findings and Analysis",
      "content": "- Principal objective: address urgent balance of payments pressures and fiscal needs tied to rehabilitation and reconstruction.\n- Complementary financing strategy: combination of IMF RCF disbursement plus grants and additional concessional financing from multilateral and bilateral donors.\n- Expected catalytic effect: IMF RCF assistance is expected to help mobilize donor resources for emergency humanitarian and reconstruction financing."
    },
    {
      "heading": "Policy Recommendations and Implications",
      "content": "- Use RCF disbursement to stabilize balance of payments and support immediate fiscal needs linked to reconstruction.\n- Coordinate IMF support with multilateral and bilateral donors to secure grants and concessional financing that cover residual financing gaps.\n- Emphasize the catalytic role of IMF assistance in attracting external donor financing for Haiti’s emergency needs."
    },
    {
      "heading": "Thematic Keywords and Subjects",
      "content": "- Subject: Credit; Debt sustainability analysis; External debt; Money; Public and publicly-guaranteed external debt; Public debt\n- Keywords: approval of the RCF; Caribbean; CR; Credit; currency depreciation; Debt sustainability analysis; deficit; financing; Global; Haiti in the wake; Haiti's request; ISCR; Public and publicly-guaranteed external debt; RCF disbursement; Western Hemisphere\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/02/06/haiti-request-for-disbursement-under-the-rapid-credit-facility-press-release-staff-report-44627"
    }
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    "Published: February 6, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475575538.002",
    "The Haitian authorities request emergency financial assistance under the IMF’s Rapid Credit Facility (RCF) to address urgent balance of payments and fiscal needs associated with rehabilitation and reconstruction efforts.",
    "The authorities are also seeking grants and additional concessional financing from multilateral and bilateral donors to cover remaining financing needs stemming from emergency humanitarian and reconstruction efforts.",
    "The IMF assistance under the RCF is anticipated to play an important catalytic role in facilitating the provision of these resources to Haiti.",
    "Principal objective: address urgent balance of payments pressures and fiscal needs tied to rehabilitation and reconstruction.",
    "Complementary financing strategy: combination of IMF RCF disbursement plus grants and additional concessional financing from multilateral and bilateral donors.",
    "Expected catalytic effect: IMF RCF assistance is expected to help mobilize donor resources for emergency humanitarian and reconstruction financing.",
    "Use RCF disbursement to stabilize balance of payments and support immediate fiscal needs linked to reconstruction.",
    "Coordinate IMF support with multilateral and bilateral donors to secure grants and concessional financing that cover residual financing gaps.",
    "Emphasize the catalytic role of IMF assistance in attracting external donor financing for Haiti’s emergency needs.",
    "Subject: Credit; Debt sustainability analysis; External debt; Money; Public and publicly-guaranteed external debt; Public debt",
    "Keywords: approval of the RCF; Caribbean; CR; Credit; currency depreciation; Debt sustainability analysis; deficit; financing; Global; Haiti in the wake; Haiti's request; ISCR; Public and publicly-guaranteed external debt; RCF disbursement; Western Hemisphere",
    "**Country Report**"
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