Haiti: Staff Report for the 2001 Article IV Consultation

Author: International Monetary Fund

This 2001 Article IV Consultation highlights that Haiti's performance under the Staff-Monitored Program (SMP) during FY2000/01 was weak. Real GDP is estimated to have declined by about 2 percent, reflecting tight monetary conditions and the negative expectations raised by the continuing high fiscal imbalance and central bank financing; inflation remained broadly unchanged at about 16 percent during most of the year. Tight monetary conditions and crowding out by the public sector combined with the weak economy and continuing political uncertainty all contributed to a sharp decline in credit to the private sector.

Volume/Issue: Volume 2002 Issue 017

Publication date: February 2002

ISBN: 9781451817553

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Topics covered in this book

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Business and Economics , Banks and Banking , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , deficit , staff appraisal , arrears to the IDB , IDB's disbursement , regime , managed floating exchange rate regime , inflation rate , central bank financing , International reserves , Commercial banks , Public sector , Oil prices , Caribbean , Western Hemisphere

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Summary

This 2001 Article IV Consultation highlights that Haiti’s performance under the Staff-Monitored Program (SMP) during FY2000/01 was weak. Real GDP is estimated to have declined by about 2 percent, reflecting tight monetary conditions and the negative expectations raised by the continuing high fiscal imbalance and central bank financing; inflation remained broadly unchanged at about 16 percent during most of the year. Tight monetary conditions and crowding out by the public sector combined with the weak economy and continuing political uncertainty all contributed to a sharp decline in credit to the private sector.