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Haiti - Economy : Haiti's economic performance has been satisfactory according IMF 01/04/2014 09:21:52
Following the Executive Board’s discussion on Haiti, Mr. Naoyuki Shinohara, Deputy Managing Director and Acting Chair, declared : "Haiti’s performance under the Fund-supported program has been satisfactory despite difficult circumstances. Reform measures and policies put in place have helped maintain macroeconomic stability and advance structural reforms. Growth has strengthened, headline inflation fell, and gross international reserves remained adequate. However, the overall fiscal deficit widened, reflecting larger-than-programmed investment spending and subsidies to the electricity sector. Progress was also made on reforming public financial management, in particular in the implementation of the Treasury Single Account. The program for FY2014 aims at consolidating macroeconomic stability and sustaining progress in structural reforms. These objectives will be supported by continued prudent monetary policy, the stabilization of the overall fiscal balance, and the continuation of structural reforms in the areas of public financial management, international reserve management, and the electricity sector. Advancing these reforms is essential to contain fiscal risks and address continuing vulnerabilities. The authorities have adopted a medium-term poverty reduction strategy, with special emphasis on job creation in manufacturing, tourism and agriculture, social inclusion, and improved governance. This would contribute to the establishment of an environment conducive to economic growth and to reducing Haiti’s dependence on foreign assistance." HL/ HaitiLibre
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