IMF concludes visit to Haiti

0 1,629

A mission from the International Monetary Fund (IMF) led by Mr. Gabriel Di Bella visited Port-au-Prince, Haiti during November 3–7, 2014, to complete discussions for the eighth and final review under the 2010 Extended Credit Facility (ECF) arrangement.1 The mission met with Minister of Economy and Finance Marie Carmelle Jean-Marie, Governor of the Bank of the Republic of Haiti (BRH) Charles Castel, other senior government officials, representatives of the private sector, and development partners. At the end of the visit, Mr. Di Bella issued the following statement:

Preliminary data for fiscal year 2014 (i.e. October 2013–September 2014) suggest that economic activity (as measured by gross domestic product, GDP), advanced in line with projections, at a pace of about 3½–4 percent. Inflation remained low, at around 5 percent. The fiscal deficit was lower than programmed but remained high, in part due to costly fuel subsidies. Monetary policy was adequately geared towards protecting reserves while ensuring a low and stable inflation.

Read more IMF

%d bloggers like this: