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Haiti: Use of Fund Resources—Request for Emergency Post-Conflict Assistance
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2005: Issue 404
Language:
English
Publication Date:
11 Nov 2005
DOI:
https://doi.org/10.5089/9781451817621.002
ISBN:
9781451817621
ISSN:
1934-7685
Pages:
81
Keywords:
ISCR; CR; financing; Emergency Post-Conflict Assistance; EPCA financing; IMF policy advice; IMF's Emergency Post-Conflict Assistance; IMF Emergency Post-Conflict Assistance; financing gap; Emergency assistance; Commercial banks; Credit; Arrears; Global
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This paper discusses the Use of IMF Resources in Haiti and Request for Emergency Post-Conflict Assistance (EPCA). The EPCA-supported program was on track until May 2005. All end-December and end-March targets were observed, inflation declined, the exchange rate stabilized, and net international reserves were increased. However, following expansionary fiscal and monetary policies during May–June, most end-June targets were missed. Also, while many structural measures were implemented as envisaged, progress on key structural measures, including the census of public employment and domestic arrears, was delayed.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund