IMF Staff Country Reports

Haiti: Recent Economic Developments

Publication Date:

May 10, 1995

Summary:

This paper reviews economic developments in Haiti during 1990–94. In the public finances, the current account of the nonfinancial public sector (before grants) shifted from balance in 1991 to a deficit of 3.8 percent of GDP in 1994. With the lack of foreign financing, capital investment fell to low levels over the period, and the overall deficit (before grants) declined from 4.5 percent of GDP to 4.2 percent of GDP; the deficit was financed mainly by recourse to central bank credit and the accumulation of arrears.

Series:

Country Report No. 1995/034

Subject:

Balance of payments Banking Commercial banks Current account balance Economic sectors Financial institutions Imports International trade Public enterprises Public sector

Notes:

This report on recent economic developments in Haiti was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.