Haiti: Staff Report for the 2005 Article IV Consultation and Review of the Program Supported by Emergency Post–Conflict Assistance

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 206

Publication date: June 2005

ISBN: 9781451817614

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Topics covered in this book

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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , ISCR , CR , government , BRH , policy , BRH official , fund TA , fund assistance , transition government , communications company , BRH board , financing gap , Budget planning and preparation , International reserves , Commercial banks , Arrears , Caribbean , Western Hemisphere , Global

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Summary

This paper focuses on the 2005 Article IV Consultation and Review of the Program Supported by Emergency Post-Conflict Assistance for Haiti. Economic and social conditions in Haiti deteriorated significantly during the early 2000, as the continued political stalemate undermined external financial support and private investment, and structural reforms came to a halt. This resulted in economic stagnation, high inflation, and widespread unemployment. The political turmoil in early 2004 and the devastating floods in May and September compounded these difficulties and led to a contraction of real GDP by 3¾ percent in 2003/04.