The security and humanitarian crises in Haiti continue to deteriorate, compounded by recurrent adverse shocks and an ongoing political transition. The oil price shock stemming from the war in the Middle East has emerged as a major headwind, raising the fuel import bill and implicit fuel subsidy costs, further weakening an already fragile fiscal position. These pressures add to the impact of Hurricane Melissa in October 2025, which disrupted economic activity and exacerbated humanitarian needs, and are taking place amid an ongoing fragile political transition, aimed at restoring governance, improving security, and paving the way for the first general elections in a decade. At the same time, the international community is prioritizing security and stability. The arrival of the Gang Suppression Force in April could help improve security conditions and renew momentum for international support.
Staff-Monitored Program (SMP) is an informal agreement between an IMF member country and IMF staff to monitor the member country’s economic program. As such, SMPs do not entail endorsement by the IMF Executive Board. SMP staff reports are issued to the Board for
information.