Download or read book Haiti Debt Relief written by United States. Congress. House. Committee on Financial Services. Subcommittee on International Monetary Policy and Trade and published by . This book was released on 2010 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Haiti Debt Relief written by United States. Congress and published by Createspace Independent Publishing Platform. This book was released on 2018-01-05 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Haiti debt relief : hearing before the Subcommittee on International Monetary Policy and Trade of the Committee on Financial Services, U.S. House of Representatives, One Hundred Eleventh Congress, second session, March 4, 2010.
Download or read book Haiti written by International Monetary Fund and published by International Monetary Fund. This book was released on 2006-09-25 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a preliminary assessment of the eligibility of Haiti for assistance under the Enhanced Heavily Indebted Poor Countries Initiative (HIPC) to attain the Millennium Development Goals (MDGs). It discusses the medium-to-long-term macroeconomic framework, poverty, social, and political developments of Haiti, and summarizes the results of the preliminary Debt Sustainability Analysis (DSA) and possible HIPC and Multilateral Debt Relief Initiative (MDRI) assistance. It suggests a timeline for the preparation of the decision point document, presents key reforms for the completion point triggers, and gives an indication of how prospective HIPC assistance will be used and its use tracked.
Download or read book Haiti Debt Relief written by United States. Congress. House. Committee on Financial Services. Subcommittee on International Monetary Policy and Trade and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Haiti written by International Monetary Fund and published by International Monetary Fund. This book was released on 2006-12-14 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an assessment of Haiti’s qualification for assistance under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. Poverty Reduction and Growth Facility (PRGF) arrangement is scheduled to be discussed by the IMF Executive Board in parallel with this document. The impact of prolonged political conflicts and violence, periods of high external assistance followed by the withdrawal of economic support, and natural disasters has been severe. The government has begun the preparation of a full Poverty Reduction Strategy Paper (PRSP). An important objective of the authorities is to achieve robust and sustainable real economic growth.
Download or read book Haiti written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2014-04-29 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Seventh Review Under the Extended Credit Facility of Haiti focuses on economic activity that continued to advance in FY2013, despite negative weather events early in the fiscal year. The fiscal deficit increased to 6.7 percent of GDP in FY2013 owing to a gasoline price freeze that dented revenues and on transfers to the electricity sector. The evolution of monetary aggregates reflected government policies and some dedollarization, while the banking system remained well capitalized and profitable. The macroeconomic outlook and the conditions for policy implementation are subject to a number of downside risks.
Download or read book Haiti Debt Relief written by États-Unis. Congress. House. Committee on Financial Services. Subcommittee on International Monetary Policy and Trade and published by . This book was released on 2010 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Haiti written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-09-14 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Haiti’s progress under the Enhanced Initiative for Heavily Indebted Poor Countries. Substantial advances have been made toward meeting the four triggers not fully implemented, and the authorities are committed to further progress in the near future. These triggers relate to publication of audited government accounts, implementation of a new procurement law, education funding, teacher training and school inspections, and increasing immunization rates. Haiti’s parliament passed a new procurement law in June 2009, which is in line with international best practices.
Download or read book Haiti Debt Relief Serial No 111 105 March 4 2010 111 2 Hearing written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2010* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Haiti written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-05-13 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economy of Haiti is recovering despite the challenging international and domestic environments. The FY2011 budget appropriately supports the reconstruction objectives in a context of sustainable public financing. Monetary policy remains geared toward keeping inflation in the single digits. The structural reform agenda continues to focus on improving the business climate and promoting private sector-led growth. International assistance is critical to recovering from the 2010 earthquake in Haiti. Reconstruction is under way, albeit at a slower pace than envisaged. The humanitarian response from donors to the earthquake was quick and sizable.
Download or read book Haiti written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2020-04-20 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Haiti’s Request for Disbursement Under the Rapid Credit Facility. Coronavirus disease 2019 (COVID-19) poses a major challenge for Haiti, a country in a fragile situation with very limited healthcare services, just emerging from two years of socio-political instability and worsening economic hardship. Measures are being taken by the government to stop the spread of the virus and to cushion the economic impact of the shock. IMF emergency support under the Rapid Credit Facility will help fill the balance of payments gap and create fiscal space for essential health expenditures, income support to workers, and cash and in-kind transfers to households. In order to address the crisis, scarce budgetary resources will need to be allocated to critical spending on disease containment and increased social assistance to the most vulnerable. In order to ensure the appropriate use of emergency financing, the authorities should prepare monthly budget execution reports on COVID-19 expenditures and undertake an ex-post financial and operational audit of COVID-related operations.
Download or read book Haiti written by International Monetary and published by International Monetary Fund. This book was released on 2023-02-07 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Haiti has been hit hard by the global food price shock. In September 2022, food inflation reached 44 percent, with rice inflation nearly 70 percent. With more than half the population already below the poverty line, Haiti faces a dire humanitarian crisis, with an expected financing gap in FY2023 of at least US$105 million (0.5 percent of GDP), assuming import compression and pending additional external financing from development partners. This shock compounds the hardships of an already highly fragile country—also suffering a public health emergency (cholera) and serious security risks. In line with global trends and also due to an escalation of violence, the macroeconomic situation has been more challenging relative to the outlook in June 2022, at the time of the approval of the Staff Monitored Program (SMP). That said, recent data suggest that the authorities are making meaningful efforts to overcome the multiple challenges facing the country and the First Review of the SMP was approved by IMF Management on December 21, 2022.
Download or read book Haiti written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-08-11 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt: The January 2010 earthquake represented a major setback for Haiti, after several years of improved economic performance. Executive Directors commended the authorities for quickly restoring basic government functions and maintaining sound policies during the crisis. Directors welcomed the National Action Plan for Recovery and Development and also the Partial Credit Guarantee scheme. They also stressed the need to strengthen revenue administration, monetary framework, and tax policy reforms. Directors agreed that Haiti met the eligibility and qualification criteria for debt stock relief under the Post-Catastrophe Debt Relief (PCDR) Trust Fund.
Download or read book Haiti written by International Monetary Fund and published by International Monetary Fund. This book was released on 2001-01-10 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: This note reviews the effects of dollarization on the ability of the Bank of the Republic of Haiti (BRH) to conduct monetary policy and the risks to macroeconomic stability and the banking system. Haiti's external indebtedness has been compared with that of countries eligible for debt relief under the Initiative for Highly Indebted Poor Countries (HIPCs). Haiti's accession to the Caribbean Common Market and the impact of trade liberalization measures on the strategic rice sector is discussed. The causes of poverty in Haiti are also analyzed.
Download or read book Haiti written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-04-02 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: The staff report on Haiti’s second and third reviews under the Extended Credit Facility is examined. Haiti has emerged from a protracted and tumultuous electoral period. The reconstruction is under way, albeit at a slower pace than anticipated, owing mainly to the protracted electoral agenda and Haiti’s limited administrative and absorptive capacity. The damage caused by the earthquake has been massive, estimated at the equivalent to 120 percent of GDP. The authorities need to sustain high growth, alleviate poverty, and strengthen the country’s resilience to external shocks.
Download or read book Haiti written by and published by . This book was released on 2009 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Update Debt Cancellation for Haiti written by and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an update of CEPRâ€TMs December 2007 overview of Haitiâ€TMs outstanding foreign debt, and how much of this debt is scheduled to be canceled under Haitiâ€TMs participation in the International Monetary Fund (IMF) and World Bankâ€TMs Heavily Indebted Poor Countries (HIPC) initiative. The paper examines how soon Haiti may complete the HIPC process, and compares the benefits of debt cancellation for Haiti under HIPC versus expedited debt cancellation. Haiti is the most impoverished country in the Western Hemisphere, with 76 percent of its population below the poverty line and a life expectancy of 58.1 years. Yet it was originally excluded from the HIPC initiative for debt cancellation in 1996 because of a technicality relating to its debt service burden. Although it was subsequently included (in 2006), because of this delay Haiti is currently struggling to meet the requirements for cancellation of most of its total $1.7 billion foreign public debt. Haiti still has to reach the "completion point" under the HIPC initiative in order to receive debt cancellation, which is now not expected until mid-2009 at the earliest. Since completion point was not reached by September 2008, Haiti now has to pay an additional $44.5 million in debt service payments to multilateral institutions (mostly the World Bank and the Inter-American Development Bank). This is equivalent to about 26 percent of Haiti's spending on public health, where there are many vital unmet needs. Furthermore, this total does not include bilateral debt service of $11.4 million, some cancellation of which can also be expected. The paper presents other reasons to avoid delay, and argues that there is little reason to believe that the conditions set by the IMF and World Bank for further debt cancellation are likely to benefit Haiti.
