Haiti: First Review Under the Staff-Monitored Program-Press Release; and Staff Report
IMF Staff Country Reports, May 22, 2025
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- Haiti: First Review Under the Staff-Monitored Program-Press Release; and Staff Report
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Bibliographic details
- Published: May 22, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229011914.002
Program purpose and context
- The First Review under the Staff-Monitored Program (SMP) is highlighted in this paper.
- The SMP takes into account Haiti’s fragility and capacity constraints, linked to security.
- The SMP is designed to support the authorities’ economic policy objectives and build a track record of reform implementation.
- Fund management welcomes the authorities’ publication of the Governance Diagnostic Report.
- In line with the Fund Strategy for Fragile and Conflict-Affected States, IMF staff will continue to coordinate closely with Haiti’s main development partners, particularly on governance and capacity development.
Current macroeconomic and shock environment
- Haiti faces a multidimensional crisis with a challenging outlook which is highly uncertain.
- The country is affected by both global and country-specific shocks, which have worsened its fragility, since the negotiation of the SMP.
- Without international financial assistance, Haiti will continue to suffer large import compression.
Policy implications and international support
- A government-led strategy to continue to strengthen the economy’s resilience to multiple shocks requires the financial support of the international community.
- This assistance is indispensable to allow quality spending, over the short, medium, and long term.
- IMF staff will coordinate closely with Haiti’s main development partners, particularly on governance and capacity development.
Subjects, keywords, and publication metadata (key statistics)
- Subject: Central banks, Expenditure, Foreign exchange, International reserves, Quasi-fiscal operations
- Keywords: Caribbean, Central America, Food Shock Window spending priority, Global, governance Diagnostic Report, International reserves, Quasi-fiscal operations, SMP commitment, SMP objective, SMP staff report
- Publication date: May 22, 2025
- Pages: 67
- Volume: 2025
- Issue: 113
- Series: Country Report No. 2025/113
- DOI: https://doi.org/10.5089/9798229011914.002
- Stock No: 1HTIEA2025002
- ISBN: 9798229011914
- ISSN: 1934-7685
International Monetary Fund. Haiti: First Review Under the Staff-Monitored Program-Press Release; and Staff Report, May 22, 2025.
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