Haiti: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility-Staff Report; Staff Press Release on the Executive Board Discussion; and Statement by the Executive Director for Haiti
International Monetary Fund, Dec 14, 2006 - Business & Economics - 69 pages
Based on Haiti’s overall satisfactory track record and the strength of the program, IMF staff supports the authorities’ request for a new three-year arrangement under the Poverty Reduction and Growth Facility (PRGF). The authorities’ demonstrated political commitment and high degree of ownership will be critical to secure durable success of Haiti’s economic reform strategy. Haiti’s requirements are expected to remain substantial, but the already identified assistance appears adequate to close the gap over the first year of the program. The strategy should include an independent assessment of the financial condition.
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V External Inflows and Macroeconomic Stability
VI Program Risks
VIII Other Issues
IX Staff Appraisal
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Amortization approval Arrears accumulation assistance audit banking system Base money broad money Budget support central bank central government commercial banks Credit Croix-des-Bouquets Current account balance debt relief debt service deﬁcit disbursements domestic assets donors Economy and Finance Ed’H ending September 30 EPCA exchange rate Excluding grants External debt external ﬁnancing ﬁrst ﬁscal foreign currency deposits Fund staff estimates govemment gross reserves Haiti HIPC HIPC Initiative I-PRSP identiﬁed implement improve inﬂation intemational International Monetary Fund international reserves investment loans macroeconomic medium-term Memorandum items millions of gourdes millions of U.S. Ministry Monetary Fund Observance of performance ofﬁcial Paris Club payments percent of exports percent of GDP percent of quota performance criteria PetroCaribe Port-au-Prince poverty reduction PRGF arrangement private sector program monitoring Proj projects PRSP reduce reﬂects reform September 2007 September 30 strengthen submit to parliament Table targets TELECO Total revenue transfers U.S. dollars World Bank