Country Report Haiti First ECF Review (11 106)

This IMF staff report reviews Haiti’s economic performance and policy implementation under the Extended Credit Facility (ECF) arrangement in 2011, following the devastating 2010 earthquake. The report highlights that Haiti’s economy is recovering, with essential state functions restored and prudent macroeconomic policies supporting growth and containing inflation within single digits. Despite a challenging environment marked by slow reconstruction, political uncertainty, and external shocks, all performance criteria for the first ECF review were met, and structural benchmarks were implemented, though some with delays. The FY 2011 budget focuses on consolidating economic recovery, increasing public investment for reconstruction, and maintaining fiscal and monetary discipline to ensure macroeconomic stability. The authorities are committed to strengthening revenue collection, improving public financial management, and advancing structural reforms to foster private sector-led growth, enhance economic governance, and address vulnerabilities. The IMF staff recommends the completion of the first review, citing good program performance and strong commitment from Haitian authorities.

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