Haiti: Staff Report for the 2000 Article IV Consultation and for a Staff-Monitored Program (SMP) for FY 2000/01

Haiti's economic performance deteriorated as a result of continuing political crisis. The ongoing political crisis has impeded the implementation of a comprehensive, donor-backed effort to remove Haiti's serious structural impediments. The economic program seeks to help the government reestablish macroeconomic stability during the political transition, alleviate pressure on the exchange rate, and restore inflation to a downward path. Credit policy should continue to be restrained through open market operations. The IMF staff commends the measures taken to improve the supervision and health of the banking system.
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Volume/Issue: Volume 2001 Issue 006
Publication date: January 2001
ISBN: 9781451817546
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Business and Economics , Banks and Banking , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , currency depreciation , staff appraisal , petroleum product , deficit , fund , IMF staff estimate , U , S , dollar , Public enterprises , International reserves , Credit , Western Hemisphere

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Summary

Haiti's economic performance deteriorated as a result of continuing political crisis. The ongoing political crisis has impeded the implementation of a comprehensive, donor-backed effort to remove Haiti's serious structural impediments. The economic program seeks to help the government reestablish macroeconomic stability during the political transition, alleviate pressure on the exchange rate, and restore inflation to a downward path. Credit policy should continue to be restrained through open market operations. The IMF staff commends the measures taken to improve the supervision and health of the banking system.

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