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Author : United States. Congress. House. Committee on Financial Services. Subcommittee on International Monetary Policy and Trade
Publisher : Unknown
Page : 76 pages
File Size : 46,5 Mb
Release : 2010
Category : Business & Economics
ISBN : UOM:39015090374870
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 41 pages
File Size : 46,8 Mb
Release : 2006-09-25
Category : Business & Economics
ISBN : 9781451817638
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.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 60 pages
File Size : 53,9 Mb
Release : 2006-12-14
Category : Business & Economics
ISBN : 9781451817652
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.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 66 pages
File Size : 41,8 Mb
Release : 2009-09-14
Category : Business & Economics
ISBN : 9781451817775
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.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 56 pages
File Size : 49,6 Mb
Release : 2011-05-13
Category : Business & Economics
ISBN : 9781455286607
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.
Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
Page : 83 pages
File Size : 52,8 Mb
Release : 2014-04-29
Category : Business & Economics
ISBN : 9781475517989
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.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 115 pages
File Size : 54,8 Mb
Release : 2001-01-10
Category : Business & Economics
ISBN : 9781451954654
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.
Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
Page : 38 pages
File Size : 52,9 Mb
Release : 2015-01-05
Category : Business & Economics
ISBN : 9781484358016
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.
Author : Maureen Taft-Morales
Publisher : DIANE Publishing
Page : 30 pages
File Size : 49,9 Mb
Release : 2011
Category : Nature
ISBN : 9781437929324
This is a print on demand edition of a hard to find publication. The largest earthquake ever recorded in Haiti devastated parts of the country, including the capital, on Jan. 12, 2010. The quake, centered about 15 miles southwest of Port-au-Prince, had a magnitude of 7.0. The focus of this report is on the immediate crisis in Haiti as a result of the earthquake and the U.S. and international response as of 1/15/10. Contents: (1) Current Conditions; (2) Haitian Gov¿t. Response; (3) Humanitarian Relief Operation; (4) U.S. Response; (5) International Response; (6) Response of International Financial Institutions; (7) Regional Response ; (8) Implications for Haiti; (9) Congressional Concerns: Funding; Immigration; Constituent Concerns and Private Charities; (10) Legislation in the 111th Congress. Illus.
Author : Ms.Sandra Marcelino,Ms.Ivetta Hakobyan
Publisher : International Monetary Fund
Page : 41 pages
File Size : 53,6 Mb
Release : 2014-12-18
Category : Business & Economics
ISBN : 9781498369671
In 1996, the IMF and the World Bank introduced the Heavily Indebted Poor Countries Initiative—a comprehensive debt relief program aimed at reducing the external debt burden of eligible countries to sustainable levels, provided they carry out strong programs of macroeconomic adjustment and structural reforms designed to promote growth and reduce poverty. Now that the HIPC Initiative is nearly completed, this paper investigates whether the initiative managed to spur growth, either directly or indirectly through investment. In contrast to earlier studies, we conclude that there is some evidence of positive effects of the HIPC Initiative on growth. Such evidence suggests that the HIPC Initiative and MDRI have helped HIPC-eligible countries to reach higher growth, but it remains unclear whether this is through higher investment or another channel. Also, the analysis illustrates that it is hard to disentangle pure debt-relief effects from other concurrent factors.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 61 pages
File Size : 46,5 Mb
Release : 2010-09-14
Category : Business & Economics
ISBN : 9781498336840
This report provides an update on the status of implementation, impact, and costs of the Heavily Indebted Poor Country (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI). Debt relief provided under the Initiatives has substantially alleviated debt burdens in recipient countries. Through the continued use by IDA and the Fund of the flexibility available in the framework governing the HIPC Initiative and the MDRI, significant progress has been achieved under the Initiatives since the last report.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 75 pages
File Size : 47,6 Mb
Release : 2012-04-02
Category : Business & Economics
ISBN : 9781475502695
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.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 72 pages
File Size : 51,8 Mb
Release : 2011-08-11
Category : Business & Economics
ISBN : 9781498338295
This report aims to accomplish three objectives: (a) it provides an update on the status of implementation, impact, and costs of the Heavily Indebted Poor Country (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI); (b) it proposes a modification of the reporting of progress under the initiatives, including the discontinuation of the annual status of implementation reports, and the preparation of periodic reports on debt vulnerabilities in low income countries (LICs), including HIPCs; and (c) it proposes a further ring-fencing of the list of countries eligible or potentially eligible for debt relief under the HIPC Initiative based on end-2010 income and indebtedness criteria.
Author : Anonim
Publisher : World Bank Publications
Page : 322 pages
File Size : 54,7 Mb
Release : 2008-01-01
Category : Business & Economics
ISBN : 9780821375921
Haiti: Public Expenditure Management and Financial Accountability Review is part of the World Bank Country Study series. These reports are published with the approval of thesubject government to communicate the results of the Bank?s work on the economic and related conditions of member countries to governments and to the development community. This book summarizes the key findings and policy recommendations of a comprehensive diagnosis of a Public Expenditure Management and Financial Accountability Review (PEMFAR). The PEMFAR is an exercise which integrates the analysis of a Public Expenditure.
Author : Terry F. Buss
Publisher : Rowman & Littlefield
Page : 249 pages
File Size : 51,7 Mb
Release : 2009-10-01
Category : Business & Economics
ISBN : 9780815701644
A Brookings Institution Press and the National Academy of Public Administration publication Even after years of receiving considerable foreign aid, Haiti remains an impoverished, tremendously fragile state. Over a span of ten years, the United States spent over $4 billion in aid to Haiti, yet the average Haitian still has to survive on one dollar a day. Why has assistance been so ineffectual, and what can we learn from Haiti's plight about foreign aid in general? Haiti in the Balance tackles those questions by analyzing nearly twenty years of Haitian history, politics, and foreign relations. Terry Buss and his colleagues at the National Academy on Public Administration found a general failure to reinforce the capacity of institutions at all levels of Haitian government. Building up that system of institutions appears to be a necessary precursor to a nation using foreign aid in the most effective manner. Such an effort demands improved security, a more professional (and less corrupt) bureaucracy, and eventually decentralization and perhaps even some privatization. Different levels of government must be willing to learn how best to work with one another: according to Buss, "Haitian governments seemed consumed by politics, rather than good governance." People still matter, and so does administration. Until we learn that lesson, even the most generous foreign aid will not fulfill its intent.