{
  "title": "Haiti: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Haiti",
  "publication": "IMF Staff Country Reports, December 10, 2024",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2024/12/10/haiti-2024-article-iv-consultation-press-release-staff-report-and-statement-by-the-559329",
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  "summary": "The 2024 Article IV Consultation highlights that Haiti faces an unprecedented multidimensional crisis encompassing humanitarian, economic, social, and security problems. The economy has a low tax base and a large informal sector that relies heavily on volatile remittance flows.",
  "sections": [
    {
      "heading": "Crisis overview",
      "content": "- Haiti faces an \"unprecedented multidimensional crisis encompassing humanitarian, economic, social, and security problems.\"\n- The economy has a \"low tax base and a large informal sector that relies heavily on volatile remittance flows.\"\n- The supply-side shock caused by the security crisis \"would continue to greatly affect growth and feed inflation unless the security outlook improves.\""
    },
    {
      "heading": "Macroeconomic outlook and risks",
      "content": "- The macroeconomic outlook is described as \"challenging and subject to elevated uncertainty.\"\n- Key risk channel highlighted: ongoing security-related supply-side disruptions that lower growth and sustain inflation."
    },
    {
      "heading": "Analytical work and focus",
      "content": "- Analytical work underpinning policy discussions was \"prepared by staff in agreement with the authorities.\"\n- The analytical focus is on \"strengthening policy frameworks to enhance resilience.\""
    },
    {
      "heading": "Policy recommendations and fiscal stance",
      "content": "- Implement the budget for FY2025.\n- Keep the monetary financing of the budget \"to zero, consistent with the objective of price stability.\"\n- Adopt measures to strengthen:\n  - revenue collection,\n  - expenditure management and controls,\n  - budget allocations for social spending and for protecting the most vulnerable—and assess their impact."
    },
    {
      "heading": "Data, transparency, and reporting",
      "content": "- Recommendation to \"provide more timely data to the IMF.\"\n- Recommendation to \"enhance data transparency through timeline publication of core economic data.\"\n\nHaiti: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Haiti\n\n---\n\n Content in this bundle\n\n- 1htiea2024002-print-pdf\n  - 1htiea2024002-print-pdf (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1htiea2024002-print-pdf (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 10, 2024",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400294396.002",
    "Haiti faces an \"unprecedented multidimensional crisis encompassing humanitarian, economic, social, and security problems.\"",
    "The economy has a \"low tax base and a large informal sector that relies heavily on volatile remittance flows.\"",
    "The supply-side shock caused by the security crisis \"would continue to greatly affect growth and feed inflation unless the security outlook improves.\"",
    "The macroeconomic outlook is described as \"challenging and subject to elevated uncertainty.\"",
    "Key risk channel highlighted: ongoing security-related supply-side disruptions that lower growth and sustain inflation.",
    "Analytical work underpinning policy discussions was \"prepared by staff in agreement with the authorities.\"",
    "The analytical focus is on \"strengthening policy frameworks to enhance resilience.\"",
    "Implement the budget for FY2025.",
    "Keep the monetary financing of the budget \"to zero, consistent with the objective of price stability.\"",
    "Adopt measures to strengthen:",
    "Recommendation to \"provide more timely data to the IMF.\"",
    "Recommendation to \"enhance data transparency through timeline publication of core economic data.\"",
    "**1htiea2024002-print-pdf**"
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