{
  "title": "Haiti: Staff-Monitored Program-Press Release; and Staff Report",
  "publication": "IMF Staff Country Reports, August 30, 2023",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2023/08/30/haiti-staff-monitored-program-press-release-and-staff-report-538636",
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  "summary": "This paper presents Haiti’s Staff-Monitored Program (SMP). Building on progress achieved under the previous SMP, which was satisfactorily concluded in May 2023, the new 9-month SMP should contribute to macroeconomic stability by helping Haiti sustain recent policy reforms designed to enhance economi",
  "sections": [
    {
      "heading": "Summary and Purpose",
      "content": "- Presents Haiti’s Staff-Monitored Program (SMP).\n- Builds on progress achieved under the previous SMP, which was satisfactorily concluded in May 2023.\n- 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."
    },
    {
      "heading": "Macroeconomic outlook and risks",
      "content": "- Haiti faces a challenging macroeconomic outlook amid a dire humanitarian crisis.\n- 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.\n- This global shock has been compounded by a highly volatile security situation in Haiti, which has heightened the economy’s fragility."
    },
    {
      "heading": "Governance and diagnostics",
      "content": "- The authorities have made a formal request for an IMF Governance Diagnostic.\n- The Governance Diagnostic is described as a very welcome development that will help Haiti solidify the early improvements achieved during the recently concluded SMP.\n- Diagnostics are designed to help inform governance and anti-corruption strategies, including sequencing of reforms."
    },
    {
      "heading": "The SMP’s intended contribution",
      "content": "- Strengthen macroeconomic stability.\n- Sustain recent policy reforms targeted at enhancing:\n  - Economic resilience.\n  - Governance."
    },
    {
      "heading": "Thematic coverage (as listed)",
      "content": "- Budget planning and preparation\n- Energy subsidies\n- Expenditure\n- International organization\n- Monetary policy\n- Public financial management (PFM)\n- Revenue administration"
    },
    {
      "heading": "Keywords (as listed)",
      "content": "- Budget planning and preparation\n- Energy subsidies\n- food price inflation\n- Global\n- IMF governance Diagnostic\n- management of the International Monetary Fund\n- SMP policy\n- SMP staff report\n- transparency policy\n\n---\n\n Content in this bundle\n\n- Imf Country Report No. 23/315 — Haiti: Staff-Monitored Program—Press Release; and Staff Report\n  - Imf Country Report No. 23/315 — Haiti: Staff-Monitored Program—Press Release; and Staff Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Imf Country Report No. 23/315 — Haiti: Staff-Monitored Program—Press Release; and Staff Report (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
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    "[Markdown version](/en/publications/cr/issues/2023/08/30/haiti-staff-monitored-program-press-release-and-staff-report-538636/index.md)",
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    "Published: August 30, 2023",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400252860.002",
    "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.",
    "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.",
    "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.",
    "Strengthen macroeconomic stability.",
    "Sustain recent policy reforms targeted at enhancing:",
    "food price inflation",
    "Global",
    "IMF governance Diagnostic",
    "management of the International Monetary Fund",
    "SMP policy",
    "SMP staff report",
    "transparency policy",
    "**Imf Country Report No. 23/315 — Haiti: Staff-Monitored Program—Press Release; and Staff Report**"
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