Haiti: Ex Post Assessment of Longer-Term Engagement
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...
Gespeichert in:
| Körperschaft: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2015
|
| Schriftenreihe: | IMF Staff Country Reports: Country Report No. 15 / 4
|
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | 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 |
| Beschreibung: | 1 Online-Ressource (38 p) |
| ISBN: | 1484305752 9781484305751 |
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| 520 | 3 | |a 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 | |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:36Z |
| indexdate | 2024-07-10T09:35:46Z |
| institution | BVB |
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| record_format | marc |
| series2 | IMF Staff Country Reports: Country Report No. 15 / 4 |
| spelling | International Monetary Fund. Western Hemisphere Dept Verfasser aut Haiti Ex Post Assessment of Longer-Term Engagement International Monetary Fund. Western Hemisphere Dept Washington, D.C International Monetary Fund 2015 1 Online-Ressource (38 p) txt rdacontent c rdamedia cr rdacarrier IMF Staff Country Reports: Country Report No. 15 / 4 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 Online-Ausg International Monetary Fund. Western Hemisphere Dept Sonstige oth http://elibrary.imf.org/view/IMF002/22238-9781484305751/22238-9781484305751/22238-9781484305751.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Haiti Ex Post Assessment of Longer-Term Engagement |
| title | Haiti Ex Post Assessment of Longer-Term Engagement |
| title_auth | Haiti Ex Post Assessment of Longer-Term Engagement |
| title_exact_search | Haiti Ex Post Assessment of Longer-Term Engagement |
| title_exact_search_txtP | Haiti Ex Post Assessment of Longer-Term Engagement |
| title_full | Haiti Ex Post Assessment of Longer-Term Engagement International Monetary Fund. Western Hemisphere Dept |
| title_fullStr | Haiti Ex Post Assessment of Longer-Term Engagement International Monetary Fund. Western Hemisphere Dept |
| title_full_unstemmed | Haiti Ex Post Assessment of Longer-Term Engagement International Monetary Fund. Western Hemisphere Dept |
| title_short | Haiti |
| title_sort | haiti ex post assessment of longer term engagement |
| title_sub | Ex Post Assessment of Longer-Term Engagement |
| url | http://elibrary.imf.org/view/IMF002/22238-9781484305751/22238-9781484305751/22238-9781484305751.xml |
| work_keys_str_mv | AT internationalmonetaryfundwesternhemispheredept haitiexpostassessmentoflongertermengagement |