Haiti by International Monetary Fund. Western Hemisphere Dept.

Full Title: Haiti: Ex Post Assessment Of Longer-Term Engagement
Author/Editor(s): International Monetary Fund. Western Hemisphere Dept
ISBN: 1484305752, 9781484305751
Publisher: International Monetary Fund
Published Place: Washington, D.C.
Published/Copyright Year: 2015
Language: English
Series: IMF Staff Country Reports: Country Report No. 15/4
IMF ELibrary
Number of pages: 1 online resource (38 pages)
Categories:
Economic Growth
Economic Indicators
Ex Post Assessments
Extended Credit Facility
Fiscal Policy
Fiscal Reforms
Longer-term Program Engagement
Monetary Policy
Poverty Reduction And Growth Facility
Haiti


Content:
EXECUTIVE SUMMARY Haiti's 2006 and 2010 Fund-supported programs started under very different circumstances but shared the main objectives of preserving macroeconomic stability and creating the conditions for a sustained growth takeoff through structural reform. The 2006 program started as Haiti was making progress toward macroeconomic stabilization. Reducing inflation and avoiding fiscal dominance of monetary policy were top priorities. The 2010 program started in the aftermath of a devastating earthquake. It faced the challenges of dealing with a huge inflow of aid and scaling up public investment. Both programs aimed to foster reforms to address long-standing governance and transparency concerns, as well as improving revenue mobilization to increase fiscal space and reduce fiscal vulnerabilities. Growth was to rise to 4-6 percent, an ambitious objective given Haiti's long history of serious fragility with near zero or negative growth. There were notable successes during the two programs. Despite a series of shocks, inflation remained in single digits and international reserves increased by more than expected, which helped to limit exchange rate volatility in the context of the large aid inflow. Program performance criteria effectively eliminated central bank credit to the government, thus reducing risks of fiscal dominance. Structural reforms also advanced, particularly during the 2006 program which coincided with the HIPC process. Revenue administration improved, with tax revenue rising steadily over the two programs. These achievements were not negligible given Haiti's history.

Electronic Resources:
http://hdl.library.upenn.edu/1017.12/1521926

ISBNPlus ID: UPE.BD102.21659-11-2208699
Form: Nonfiction
Released Date: 20151203

Download BiBTeX of this book (.bib)
@book{isbnplus9781484305751,
 title={Haiti: Ex Post Assessment Of Longer-Term Engagement},
 author={International Monetary Fund. Western Hemisphere Dept},
 isbn={9781484305751},
 series={IMF Staff Country Reports: Country Report No. 15/4},
 url={http://isbnplus.org/9781484305751},
 year={2015},
 publisher={International Monetary Fund},
 address={Washington, D.C.}
}
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%0 Book
%T Haiti: Ex Post Assessment Of Longer-Term Engagement
%A International Monetary Fund. Western Hemisphere Dept
%@ 9781484305751
%U http://isbnplus.org/9781484305751
%D 2015
%I International Monetary Fund
%C Washington, D.C.
Download 9781484305751.enw
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TY  - BOOK
T1  - Haiti: Ex Post Assessment Of Longer-Term Engagement
A1  - International Monetary Fund. Western Hemisphere Dept
SN  - 9781484305751
T3  - IMF Staff Country Reports: Country Report No. 15/4
UR  - http://isbnplus.org/9781484305751
Y1  - 2015
PB  - International Monetary Fund
CY  - Washington, D.C.
ER  - 
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APA Style:
International Monetary Fund. Western Hemisphere Dept (2015). Haiti: Ex Post Assessment Of Longer-Term Engagement. Washington, D.C.: International Monetary Fund.

MLA Style:
International Monetary Fund. Western Hemisphere Dept. Haiti: Ex Post Assessment Of Longer-Term Engagement. Washington, D.C.: International Monetary Fund, 2015. Print.

Chicago Style:
International Monetary Fund. Western Hemisphere Dept. Haiti: Ex Post Assessment Of Longer-Term Engagement. Washington, D.C.: International Monetary Fund, 2015.