Abstract
Haiti’s recently completed arrangement under the Extended Credit Facility (ECF) helped to maintain macroeconomic stability after the 2010 earthquake. While Haiti has seen four consecutive years of growth, reducing poverty requires higher and sustained growth rates.
Fund Relations
(As of March 31, 2015)
Membership Status: Joined September 8, 1953; Article VIII
General Resources Account:
| SDR Million | Percent of Quota | |
| Quota | 81.90 | 100.00 |
| Fund holdings of currency | 81.83 | 99.92 |
| Reserve position in Fund | 0.07 | 0.08 |
| SDR Million | Percent of Quota | |
| Quota | 81.90 | 100.00 |
| Fund holdings of currency | 81.83 | 99.92 |
| Reserve position in Fund | 0.07 | 0.08 |
SDR Department:
| SDR Million | Percent of Allocation | |
| Net cumulative allocation | 78.51 | 100.00 |
| Holdings | 68.81 | 87.64 |
| SDR Million | Percent of Allocation | |
| Net cumulative allocation | 78.51 | 100.00 |
| Holdings | 68.81 | 87.64 |
Outstanding Purchases and Loans:
| SDR Million | Percent of Quota | ||
| ECF Arrangement | 40.95 | 50.00 |
| SDR Million | Percent of Quota | ||
| ECF Arrangement | 40.95 | 50.00 |
Financial Arrangements:
Formerly PRGF
Projected Payments to the Fund (SDR million; based on existing use of resources and present holdings of SDRs):
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Principal | 2.46 | 4.26 | 6.72 | 7.70 | |
| Charges/Interest | 0.01 | 0.01 | 0.01 | 0.06 | |
| Total | 2.46 | 4.26 | 6.72 | 7.76 |
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Principal | 2.46 | 4.26 | 6.72 | 7.70 | |
| Charges/Interest | 0.01 | 0.01 | 0.01 | 0.06 | |
| Total | 2.46 | 4.26 | 6.72 | 7.76 |
Exchange Rate Arrangement and Exchange Restrictions:
Haiti’s currency is the gourde. The de jure exchange rate regime is floating. The de facto exchange rate arrangement has been classified as a crawl-like arrangement since April 2008, except for a short period of post-earthquake disruption in the exchange rate market from January through February of 2010, during which time the gourde was classified as an other managed arrangement. Haiti has accepted the obligations of Article VIII, Sections 2, 3, and 4, and maintains an exchange system free of restrictions on the making of payments and transfers for current international transactions.
Safeguards Assessment:
An update safeguards assessment was concluded in January 2011. The assessment noted that despite the serious setback resulting from the earthquake, elements of the safeguards framework within the central bank remain in place. However, the safeguards assessment also concluded that new vulnerabilities emerged, particularly, in the areas of governance, external audit and reserves management. In order to address these vulnerabilities, the safeguards assessment recommended rotation of the external auditors, as well the adoption of a formal selection policy in the area of external audit. The assessment recommended the adoption of a global reserves management policy and guidelines, to cover both reserves managed internally as well as reserves managed externally. Other recommendations aim to strengthen the oversight bodies including through the reconstitution of the Investment Committee, and the appointment of an independent Compliance Officer. An update assessment will be required before the first review under the new ECF arrangement.
Article IV Consultations:
The last Article IV consultation was concluded on March 11, 2013 (IMF Country Report No. (13/90). Consultations were held in Port-au-Prince Dublin during January 20–27, 2014. The IMF team comprised Mr. Boileau Loko (head), Abdelrahmi Bessaha, Olga Sulla, Alain Brousseau (all WHD), and Elva Bova (FAD). Jacques Bouhga-Hagbe, the resident representative, assisted the mission. Ms. Ketleen Florestal from the Executive Director’s office participated in the discussions. The mission met with Prime Minister Lamothe, Minister of Economy and Finance Jean Marie, Minister of Commerce and Industry Laleau, Minister of Agriculture Jacques, Minister Delegate in charge of Human Rights and the Fight against Poverty Auguste, Governor Castle, and senior financial and economic officials. The mission also met with representatives of the donor and diplomatic community and the private sector. Article IV consultations with Haiti are on the 24-month cycle.
Technical Assistance:
Haiti has received the following IMF technical assistance missions since November 2012:1
| Department | Dates | Purpose |
|---|---|---|
| FAD | Mar 2015 | Tax Administration |
| Nov 2014 | Tax Administration | |
| Oct 2014 | Tax Administration | |
| Aug 2014 | Tax Administration | |
| Jul 2014 | Energy Subsidy Reform | |
| Jun 2014 | Mining Taxation | |
| Apr 2014 | Cash and Treasury Management | |
| Feb 2014 | Tax Administration | |
| Nov 2013 | Tax Administration | |
| Jul 2013 | Public Financial Management | |
| Jun 2013 | Tax Administration | |
| Apr 2013 | Cash and Treasury Management | |
| Apr 2013 | Value-Added Tax | |
| Mar 2013 | Public Accounting | |
| Mar 2013 | Macro-fiscal | |
| Jan 2013 | Tax Administration | |
| Dec 2012 | Tax Policy | |
| Nov 2012 | Cash and Treasury Management | |
| MCM | Nov 2014 | Credit Union Supervision |
| Aug 2014 | Reserve Management Guidelines | |
| May 2014 | Foreign Exchange Market | |
| Feb 2014 | Credit Union Supervision | |
| April 2013 | Macroprudential Policies | |
| STA | Jun 2014 | National Accounts Statistics |
| Jun 2013 | Consumer Price Index | |
| June 2013 | National Accounts | |
| LEG | Jun 2013 | Drafting of a general tax code |
| Dec 2012 | Drafting of a VAT law |
| Department | Dates | Purpose |
|---|---|---|
| FAD | Mar 2015 | Tax Administration |
| Nov 2014 | Tax Administration | |
| Oct 2014 | Tax Administration | |
| Aug 2014 | Tax Administration | |
| Jul 2014 | Energy Subsidy Reform | |
| Jun 2014 | Mining Taxation | |
| Apr 2014 | Cash and Treasury Management | |
| Feb 2014 | Tax Administration | |
| Nov 2013 | Tax Administration | |
| Jul 2013 | Public Financial Management | |
| Jun 2013 | Tax Administration | |
| Apr 2013 | Cash and Treasury Management | |
| Apr 2013 | Value-Added Tax | |
| Mar 2013 | Public Accounting | |
| Mar 2013 | Macro-fiscal | |
| Jan 2013 | Tax Administration | |
| Dec 2012 | Tax Policy | |
| Nov 2012 | Cash and Treasury Management | |
| MCM | Nov 2014 | Credit Union Supervision |
| Aug 2014 | Reserve Management Guidelines | |
| May 2014 | Foreign Exchange Market | |
| Feb 2014 | Credit Union Supervision | |
| April 2013 | Macroprudential Policies | |
| STA | Jun 2014 | National Accounts Statistics |
| Jun 2013 | Consumer Price Index | |
| June 2013 | National Accounts | |
| LEG | Jun 2013 | Drafting of a general tax code |
| Dec 2012 | Drafting of a VAT law |
Resident Representative:
Mr. Wayne Camard has been the Fund’s Resident Representative since August 1, 2013, replacing Mr. Jacques Bouhga-Hagbe.
Joint World Bank-Imf Work Program, 2015–16
The IMF country team coordinated closely with the World Bank during the Article IV consultation mission and staff visit, with World Bank staff participating actively in all discussions. The teams were led by Mr. Raju Singh (Lead Economist and Program Leader, World Bank) and Mr. Gabriel Di Bella (IMF Mission Chief for Haiti).
The teams agreed that while Haiti should be commended for maintaining macroeconomic stability, deep-seated structural reforms are needed to raise Haiti’s growth rate and ensure steady progress in poverty reduction. The teams agreed that electricity should be a top reform priority, both because the sector’s large fiscal costs crowd out other public spending and because poor and unreliable electricity service constitutes a key obstacle to economic development. Together with the electricity utility and responsible government ministries, the teams coordinated closely in the incorporation of electricity sector issues into the ECF arrangement, and will continue to do so over the course of the program.
The teams also jointly developed the debt sustainability analysis (See Debt Sustainability Analysis). They agreed that the recent fall in international fuel prices drove the improvement in Haiti’s projected debt sustainability as compared with the previous DSA, and is thus vulnerable to a sudden reversal. The results therefore underscored the need for an automatic fuel price mechanism, together with targeted mitigating measures, to guard against the risk of a rebound in prices while protecting the most vulnerable. Both the Bank and the Fund have been active in providing technical assistance in this area.
| Title | Products | Provisional Timing of Mission | Expected Delivery Date |
|---|---|---|---|
| Bank work program in next 12 months | Systematic Country Diagnostic | Ongoing | End-June, 2015 |
| Public Expenditure Review | Ongoing | End-June, 2015 | |
| Infrastructure and Institutions Emergency Recovery Program – Support on PFM | Ongoing | ||
| Business Development and Investment – | Ongoing | ||
| Value Chain Analyses and Review of Tax Exemptions | |||
| Programmatic Social Protection Knowledge Work | Ongoing | End-June 2016 | |
| Study on Economic and Fiscal Impacts of Disasters in Haiti and Analysis of the Government’s Fiscal Management of Disasters | Ongoing | End-June 2016 | |
| World Bank request to IMF | Periodic update of the macro-framework | Continuous | |
| IMF request to World Bank | Regular update on Bank activities | Continuous | |
| Joint Products in next 12 months | Joint Bank-Fund Debt Sustainability Analysis (Update) | Ongoing | May 2015 |
| Title | Products | Provisional Timing of Mission | Expected Delivery Date |
|---|---|---|---|
| Bank work program in next 12 months | Systematic Country Diagnostic | Ongoing | End-June, 2015 |
| Public Expenditure Review | Ongoing | End-June, 2015 | |
| Infrastructure and Institutions Emergency Recovery Program – Support on PFM | Ongoing | ||
| Business Development and Investment – | Ongoing | ||
| Value Chain Analyses and Review of Tax Exemptions | |||
| Programmatic Social Protection Knowledge Work | Ongoing | End-June 2016 | |
| Study on Economic and Fiscal Impacts of Disasters in Haiti and Analysis of the Government’s Fiscal Management of Disasters | Ongoing | End-June 2016 | |
| World Bank request to IMF | Periodic update of the macro-framework | Continuous | |
| IMF request to World Bank | Regular update on Bank activities | Continuous | |
| Joint Products in next 12 months | Joint Bank-Fund Debt Sustainability Analysis (Update) | Ongoing | May 2015 |
Relations with the Inter-American Development Bank
(As of March 2015)
As Haiti’s largest multilateral donor, with an uninterrupted presence for 50 years, the IDB has a strong commitment to the people and Government of Haiti. Consequently, the IDB has mobilized unprecedented financial and human resources to respond to the multiple needs of the country after the earthquake of January 12th, 2010. In the aftermath of the shock, the Bank engaged extensively with the Government and other donors in humanitarian relief efforts, reconstruction and rehabilitation activities, as well as the delivery of basic social services.
The Bank also assumed additional responsibilities beyond the financing of key recovery and development investments, including support for sector-wide plans and active roles in the design and implementation of the earthquake recovery institutional mechanisms such as the Haiti Reconstruction Fund (HRF), for which it acts as one of three Partner Entities.
The Bank is uniquely positioned to support the Government’s Action Plan for National Recovery and Reconstruction. In order to identify priority sectors and focus its resources, the Bank and the GOH carried out a comprehensive sector analysis of its project pipeline, past experience and areas of comparative advantage, relationships with key GOH and other international and Haitian stakeholders, as well as the Bank’s comparative strength and reputation with respect to other donors.
A. Key Developments Since the Earthquake
In the months following the earthquake, the IDB Board of Governors also agreed to cancel Haiti’s outstanding debt with the Bank, which at US$479 million constituted about 40% of the Government’s external liabilities. The IDB Governors also agreed to convert the undisbursed portion of loans, totaling some US$186 million into grants, thereby freeing up public resources for critical investments. These decisions were preceded by the 2009 E-HIPC/MDRI initiative when the IDB granted some US$511 million in debt relief, clearing the way for the Government to undertake vital public investments.
The Bank also pledged to provide Haiti more than US$2.3 billion in new grants for the 2010–20 period to fund its recovery efforts and long-term development plans. This decision sealed the Bank’s long-term commitment with Haiti’s reconstruction plan. These resources will finance investments vital for Haiti’s post-earthquake recovery, to tackle extreme poverty and inequality, and to establish the platform for long term economic growth as well as institutional and social development.
On the basis of an analysis of the most critical areas of support for recovery and development, as well as consultations with the GOH, the Bank focuses its projects on six sector programmatic areas:, Education, Private sector Development, Water and Sanitation, Agriculture, and transport.
Since the earthquake, total approvals reached US$1,139M, and total disbursements US$893.9M. The following tables show evolution by year and by priority sector of IDB approvals and disbursements:
| IDB Approvals | IDB Disbursements | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Priority Sectors | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | Total 2010-2015 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | Total 2010-2015 |
| Education | 50.0 | 50.0 | 50.0 | 24.0 | 174.0 | 19.6 | 23.8 | 10.5 | 7.1 | 36.8 | 2.3 | 100.1 | ||
| Private Sector Development | 20.0 | 66.0 | 71.0 | 40.5 | 55.0 | 252.5 | 16.1 | 34.3 | 38.4 | 29.0 | 0.0 | 117.8 | ||
| Energy | 14.0 | 55.0 | 12.0 | 22.0 | 7.7 | 110.7 | 2.6 | 41.0 | 21.4 | 27.7 | 12.3 | 0.3 | 105.5 | |
| Water & Sanitation | 15.0 | 35.5 | 15.0 | 65.5 | 13.6 | 16.5 | 16.8 | 10.5 | 24.3 | 0.0 | 81.8 | |||
| Agriculture & Environment | 15.0 | 42.0 | 40.0 | 50.0 | 147.0 | 10.6 | 16.8 | 28.8 | 38.0 | 31.6 | 0.1 | 125.7 | ||
| Transport & Infrastructure | 54.0 | 55.0 | 70.5 | 50.0 | 62.0 | 291.5 | 71.5 | 32.2 | 28.6 | 49.9 | 66.5 | 0.1 | 248.8 | |
| Other | 98.0 | 98.0 | 58.9 | 28.4 | 6.9 | 14.7 | 5.0 | 0.1 | 114.2 | |||||
| Total | 251.0 | 241.0 | 245.5 | 188.0 | 213.7 | 0.0 | 1,139.2 | 176.9 | 174.8 | 147.4 | 186.3 | 205.6 | 3.0 | 893.9 |
| IDB Approvals | IDB Disbursements | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Priority Sectors | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | Total 2010-2015 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | Total 2010-2015 |
| Education | 50.0 | 50.0 | 50.0 | 24.0 | 174.0 | 19.6 | 23.8 | 10.5 | 7.1 | 36.8 | 2.3 | 100.1 | ||
| Private Sector Development | 20.0 | 66.0 | 71.0 | 40.5 | 55.0 | 252.5 | 16.1 | 34.3 | 38.4 | 29.0 | 0.0 | 117.8 | ||
| Energy | 14.0 | 55.0 | 12.0 | 22.0 | 7.7 | 110.7 | 2.6 | 41.0 | 21.4 | 27.7 | 12.3 | 0.3 | 105.5 | |
| Water & Sanitation | 15.0 | 35.5 | 15.0 | 65.5 | 13.6 | 16.5 | 16.8 | 10.5 | 24.3 | 0.0 | 81.8 | |||
| Agriculture & Environment | 15.0 | 42.0 | 40.0 | 50.0 | 147.0 | 10.6 | 16.8 | 28.8 | 38.0 | 31.6 | 0.1 | 125.7 | ||
| Transport & Infrastructure | 54.0 | 55.0 | 70.5 | 50.0 | 62.0 | 291.5 | 71.5 | 32.2 | 28.6 | 49.9 | 66.5 | 0.1 | 248.8 | |
| Other | 98.0 | 98.0 | 58.9 | 28.4 | 6.9 | 14.7 | 5.0 | 0.1 | 114.2 | |||||
| Total | 251.0 | 241.0 | 245.5 | 188.0 | 213.7 | 0.0 | 1,139.2 | 176.9 | 174.8 | 147.4 | 186.3 | 205.6 | 3.0 | 893.9 |
Statistical Issues
| General: Data provision has serious shortcomings that significantly hamper surveillance. Most affected are the national accounts and labor indicators. Fiscal and external sector data are broadly adequate, but need improvements in coverage and timeliness. | |
| National Accounts and Real Sector Data. The Haitian statistical system was severely impacted by the January 2010 earthquake. Since the earthquake Haiti has only published preliminary estimates of the national accounts and no longer publishes final results. Another issue is the 1986/1987 base year of constant price GDP data, which does not adequately capture the structural shifts in the economy since then. The Fund continues to provide technical assistance in this area in coordination with other TA providers, aiming at moving the base year from 1986/87 to 2012 and improving compilation methods. Other shortcomings include incomplete and untimely reporting on performance in the agricultural sector, and the lack over an overall quarterly economic indicator that could be used to estimate quarterly GDP. | |
| Price and Labor Statistics. CPI is compiled by the Haitian Institute of Statistics on information based on a 2000 household survey structure, using 2004 as the reference year. The index follows a Laspeyres methodology and comprises 287 products. The statistical institute also produces estimates of inflation of local and imported goods, but these are not consistent with the headline survey, preventing an accurate estimation of the contributions to overall inflation from local and imported goods. No labor statistics are published. | |
| Government Finance Statistics. Staff receive data from the Ministry of Finance in the form of a monthly “Table of Government Financial Operations” (TOFE) for program monitoring and surveillance. Data presentation is broadly adequate but has weaknesses including limited coverage, high aggregation, misclassifications, the non-reporting of major categories such as net lending, financing and Petrocaribe-related operations, and incomplete information on debt service. There is a need to improve the timeliness of publication of the accounts of autonomous agencies and public enterprises, particularly the electricity utility EDH, to establish the accounts of the nonfinancial public sector. The reporting of budgetary expenditures, especially on ministerial discretionary accounts, should be improved to increase transparency. The authorities are encouraged to establish a plan for migrating to the GFSM 2001/2014 framework for compiling fiscal statistics. | |
| Monetary and Financial Statistics. The monthly accounts of the balance sheets of the central bank and the consolidated banking sector are broadly adequate for surveillance. However, there are some inconsistencies between the central bank and commercial bank accounts. There is also a need to expand institutional coverage of financial institutions to include credit unions and cooperatives into the survey of depository corporations, and to improve the timeliness of reported data to the Fund. | |
| Financial Sector Surveillance. With regard to financial soundness indicators (FSIs), Haiti currently does not report data to the Fund for dissemination on the Fund website. | |
| External Sector Statistics. Balance of payments data is broadly adequate for surveillance but suffers from some deficiencies in scope, source data, and timeliness. Large errors and omissions, as well as gaps between the data reported by Haiti and its partners indicate incomplete coverage of current and financial account transactions. Special attention should be given to customs data coverage and classification of post-earthquake official and private flows, as well as recording of the external assets and liabilities of the private sector. CARTAC is ready to facilitate any TA upon the authorities’ request. | |
| Haiti participates in the Fund’s General Data Dissemination System. | No data ROSC is available. |
| Haiti currently does not report monthly or annual fiscal data to STA for publication in the International Financial Statistics (IFS) or in the Government Finance Statistics Year (GFSY), respectively. Haiti reports annual IIP and quarterly balance of payments to STA, although these suffer from a lack of consistency. | |
| General: Data provision has serious shortcomings that significantly hamper surveillance. Most affected are the national accounts and labor indicators. Fiscal and external sector data are broadly adequate, but need improvements in coverage and timeliness. | |
| National Accounts and Real Sector Data. The Haitian statistical system was severely impacted by the January 2010 earthquake. Since the earthquake Haiti has only published preliminary estimates of the national accounts and no longer publishes final results. Another issue is the 1986/1987 base year of constant price GDP data, which does not adequately capture the structural shifts in the economy since then. The Fund continues to provide technical assistance in this area in coordination with other TA providers, aiming at moving the base year from 1986/87 to 2012 and improving compilation methods. Other shortcomings include incomplete and untimely reporting on performance in the agricultural sector, and the lack over an overall quarterly economic indicator that could be used to estimate quarterly GDP. | |
| Price and Labor Statistics. CPI is compiled by the Haitian Institute of Statistics on information based on a 2000 household survey structure, using 2004 as the reference year. The index follows a Laspeyres methodology and comprises 287 products. The statistical institute also produces estimates of inflation of local and imported goods, but these are not consistent with the headline survey, preventing an accurate estimation of the contributions to overall inflation from local and imported goods. No labor statistics are published. | |
| Government Finance Statistics. Staff receive data from the Ministry of Finance in the form of a monthly “Table of Government Financial Operations” (TOFE) for program monitoring and surveillance. Data presentation is broadly adequate but has weaknesses including limited coverage, high aggregation, misclassifications, the non-reporting of major categories such as net lending, financing and Petrocaribe-related operations, and incomplete information on debt service. There is a need to improve the timeliness of publication of the accounts of autonomous agencies and public enterprises, particularly the electricity utility EDH, to establish the accounts of the nonfinancial public sector. The reporting of budgetary expenditures, especially on ministerial discretionary accounts, should be improved to increase transparency. The authorities are encouraged to establish a plan for migrating to the GFSM 2001/2014 framework for compiling fiscal statistics. | |
| Monetary and Financial Statistics. The monthly accounts of the balance sheets of the central bank and the consolidated banking sector are broadly adequate for surveillance. However, there are some inconsistencies between the central bank and commercial bank accounts. There is also a need to expand institutional coverage of financial institutions to include credit unions and cooperatives into the survey of depository corporations, and to improve the timeliness of reported data to the Fund. | |
| Financial Sector Surveillance. With regard to financial soundness indicators (FSIs), Haiti currently does not report data to the Fund for dissemination on the Fund website. | |
| External Sector Statistics. Balance of payments data is broadly adequate for surveillance but suffers from some deficiencies in scope, source data, and timeliness. Large errors and omissions, as well as gaps between the data reported by Haiti and its partners indicate incomplete coverage of current and financial account transactions. Special attention should be given to customs data coverage and classification of post-earthquake official and private flows, as well as recording of the external assets and liabilities of the private sector. CARTAC is ready to facilitate any TA upon the authorities’ request. | |
| Haiti participates in the Fund’s General Data Dissemination System. | No data ROSC is available. |
| Haiti currently does not report monthly or annual fiscal data to STA for publication in the International Financial Statistics (IFS) or in the Government Finance Statistics Year (GFSY), respectively. Haiti reports annual IIP and quarterly balance of payments to STA, although these suffer from a lack of consistency. | |
Haiti: Table of Common Indicators Required for Surveillance
(As of April 2015)
Includes reserve assets pledged or otherwise encumbered as well as net derivative positions.
Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.
Foreign, domestic bank, and domestic nonbank financing.
The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.
Including currency and maturity composition.
Daily (D), Weekly (W), Monthly (M), Quarterly (Q), Annually (A); Irregular (I) Not Available (NA).
Haiti: Table of Common Indicators Required for Surveillance
(As of April 2015)
| Date of Latest Observation | Date Received Frequency of Data6 | Frequency of Reporting6 | Frequency of Publication6 | ||
|---|---|---|---|---|---|
| Exchange Rates | April 2015 | April 2015 | D | D | D |
| International Reserve Assets and Reserve Liabilities of the Monetary Authorities1 | March 2015 | April 2015 | M | M | I |
| Reserve/Base Money | April 2015 | April 2015 | M | M | I |
| Broad Money | March 2015 | April 2015 | M | M | I |
| Central Bank Balance Sheet | April 2015 | April 2015 | M | M | I |
| Consolidated Balance Sheet of the Banking System | February 2015 | April 2015 | M | M | 1 |
| Interest Rates2 | April 2015 | April 2015 | W | W | I |
| Consumer Price Index | March 2015 | April 2015 | M | M | M |
| Revenue, Expenditure, Balance and Composition of Financing3 - General Government4 | January 2015 | March 2015 | M | M | M |
| Revenue, Expenditure, Balance and Composition of Financing3- Central Government | January 2015 | March 2015 | M | M | M |
| Stocks of Central Government and Central Government-Guaranteed Debt5 | September 2014 | November 2014 | M | Q | I |
| External Current Account Balance | 2015:Q1 | March 2015 | Q | Q | Q |
| Exports and Imports of Goods and Services | January 2015 | March 2015 | M | M | I |
| GDP/GNP | 2014 | Dec 2014 | A | A | A |
| Gross External Debt | February 2015 | April 2015 | M | M | I |
| International Investment Positions | 2013 | June 2014 | A | A | A |
Includes reserve assets pledged or otherwise encumbered as well as net derivative positions.
Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.
Foreign, domestic bank, and domestic nonbank financing.
The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.
Including currency and maturity composition.
Daily (D), Weekly (W), Monthly (M), Quarterly (Q), Annually (A); Irregular (I) Not Available (NA).
Haiti: Table of Common Indicators Required for Surveillance
(As of April 2015)
| Date of Latest Observation | Date Received Frequency of Data6 | Frequency of Reporting6 | Frequency of Publication6 | ||
|---|---|---|---|---|---|
| Exchange Rates | April 2015 | April 2015 | D | D | D |
| International Reserve Assets and Reserve Liabilities of the Monetary Authorities1 | March 2015 | April 2015 | M | M | I |
| Reserve/Base Money | April 2015 | April 2015 | M | M | I |
| Broad Money | March 2015 | April 2015 | M | M | I |
| Central Bank Balance Sheet | April 2015 | April 2015 | M | M | I |
| Consolidated Balance Sheet of the Banking System | February 2015 | April 2015 | M | M | 1 |
| Interest Rates2 | April 2015 | April 2015 | W | W | I |
| Consumer Price Index | March 2015 | April 2015 | M | M | M |
| Revenue, Expenditure, Balance and Composition of Financing3 - General Government4 | January 2015 | March 2015 | M | M | M |
| Revenue, Expenditure, Balance and Composition of Financing3- Central Government | January 2015 | March 2015 | M | M | M |
| Stocks of Central Government and Central Government-Guaranteed Debt5 | September 2014 | November 2014 | M | Q | I |
| External Current Account Balance | 2015:Q1 | March 2015 | Q | Q | Q |
| Exports and Imports of Goods and Services | January 2015 | March 2015 | M | M | I |
| GDP/GNP | 2014 | Dec 2014 | A | A | A |
| Gross External Debt | February 2015 | April 2015 | M | M | I |
| International Investment Positions | 2013 | June 2014 | A | A | A |
Includes reserve assets pledged or otherwise encumbered as well as net derivative positions.
Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.
Foreign, domestic bank, and domestic nonbank financing.
The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.
Including currency and maturity composition.
Daily (D), Weekly (W), Monthly (M), Quarterly (Q), Annually (A); Irregular (I) Not Available (NA).
For previous technical assistance missions please consult the Haiti 2012 Article IV consultation available at http://www.imf.org/external/pubs/ft/scr/2013/cr1390.pdf