After the 7th revision of Haiti's economic performance in March, as part of the loan agreement for the reconstruction of the country that was deemed satisfactory by the International Monetary Fund (IMF) https://www.haitilibre.com/en/news-10840-haiti-economy-haiti-s-economic-performance-has-been-satisfactory-according-imf.html the IMF has just completed Saturday the 8th and final mission on a positive note.

Led by Mr Di Bella, Head of IMF Mission to Haiti, this mission was intended to proceed to the eighth and final review of the program supported by an Extended Credit Facility (ECF) representing 50% of our quota in the IMF, an amount equivalent to 60.37 million U.S. dollars, covering the period from July 2010 to August 2014 (after one year extension).

Discussions between the authorities and the IMF mission were frank and fruitful. Some rare issues still require various pieces of information, which will be shared in the coming days. The results of this mission is very positive, since the mission found that in four years, the Government was able to firmly anchor the macroeconomic stability and has made significant progress in the implementation of the necessary structural reforms. All performance criteria have been met in late March 2014 as well as structural benchmarks, the perspectives for June 2014 and the remainder of the fiscal year remains positive.

Growth of economic activity at the end of 2014 will be lower than expected mainly because of climatic conditions and the delay in the ratification of the draft Finance Bill 2013-2014 (the state budget) https://www.haitilibre.com/en/news-11201-haiti-economy-the-senate-finally-voted-the-state-budget-2013-2014.html

Inflation is largely contained, as well as on the external side, the depreciation of the gourdes. The level of international reserves remains satisfactory arrangements for limiting the risks have been taken https://www.haitilibre.com/article-10935-haiti-economie-brh-notes-sur-la-politique-monetaire-bilan-et-perspectives.html (in french)

The next steps for the Government relate to the finalization of the draft Finance Bill (2014-2015), which

will fit into the path of fiscal consolidation, closely associated with economic recovery efforts like the continuation of structural reforms to strengthen the conditions for sustainable economic growth and shared, which will be the subject of the new three-year program to negotiate with the International Monetary Fund (IMF) over the coming months.

HL/ HaitiLibre