Haiti : 2012 article IV consultation and fifth review under the extended credit facility

• Record Nr.: UNINA9910826696603321
• Pubbl/distr/stampa: Washington, D.C., : International Monetary Fund, 2013
• ISBN: 1-4843-3033-1; 1-4843-8253-6; 1-4843-6414-7
• Edizione: [1st ed.]
• Descrizione fisica: 1 online resource (127 p.)
• Collana: IMF country report ; ; no. 13/190
• Disciplina: 332.152
• Soggetti: Monetary policy - Haiti; Haiti Economic conditions
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Cover; Contents; CONTEXT; FIGURE; 1. Macroeconomic Developments Since the Earthquake, 2007-2012; BOXES; 1. Natural Disasters; RECENT ECONOMIC DEVELOPMENTS AND OUTLOOK; A. Recent Developments: Weak Recovery; B. Prospects and Risks: Promising but Challenging; POLICY CHALLENGES FOR SUSTAINING A BROAD-BASED AND INCLUSIVE GROWTH; A. Optimizing fiscal policy for high and inclusive growth; 2. Strengthening Social Safety Nets and Human Capital; 3. Electricity Sector; B. Maintaining price stability and facilitating external adjustment; C. Strengthening the Business Environment; PROGRAM IMPLEMENTATION; OTHER ISSUES STAFF APPRAISAL; TABLES; 1. Selected Economic and Financial Indicators; 2a. Central Government Operations; 2b. Central Government Operations; 3. Summary Accounts of the Banking System; 4. Balance of Payments; 5. Financial Soundness Indicators of Individual Banks; 6. Indicators of External Vulnerability; 7. Indicators of Capacity to Repay the Fund; 8. Proposed Schedule of Disbursements; 9. 2008 FSAP Recommendations and Implementation Status; ANNEX; 1. External Stability and Competitiveness; APPENDICES; I. Letter of Intent; Attachment 1. Memorandum of Economic and Financial Policies; Attachment 2. Technical Memorandum of Understanding-Update A2: Contents; FUND RELATIONS; RELATIONS WITH THE INTER-AMERICAN ; DEVELOPMENT BANK; RELATIONS WITH THE WORLD BANK GROUP; STATISTICAL ISSUES; A3: Contents; SELECTED ABBREVIATIONS; OVERVIEW OF THE FINANCIAL SYSTEM; BOXES; 1. Macroeconomic Challenges of a Shallow Financial System; BANKING SECTOR; A. Economic Relevance and Recent Trends; 2. Credit Growth: Excessive or Catching up?; B. Banking Sector Regulation and Supervision; C. Strengths and Vulnerabilities of the Banking System; 3. SME Financing; D. Banking System Policy Recommendations; FINANCIAL COOPERATIVES AND MICROFINANCE INSTITUTIONS A. Economic Relevance and Recent Trends; B. Concerns and Challenges for the Growth of the Sector; C. Recent Developments in Regulation; D. Policy Recommendations; INSURANCE; A. Economic Relevance and Recent Trends and Challenges; B. Policy Recommendations; HOUSING FINANCE; A. Economic Relevance and Recent Trends and Challenges; FIGURES; 1. Mortgage Loans; B. Policy Recommendations; REMITTANCES; A. Economic Relevance and Recent Trends and Challenges; 2. Remittances; B. Policy Recommendations; SUMMARY OF THE POLICY RECOMMENDATIONS; TABLES; 1. Recommendations 2. 2008 FSAP Recommendations and Implementation Status; 3. Financial System; 4. Financial Soundness Indicators of Individual Banks, September 2010-12; 5. Banking System, September 2012; REFERENCES
• Sommario/riassunto: Significant progress has been made in Haiti to safeguard macroeconomic stability after the January 2010 earthquake. However, the pace of the reconstruction has been slow and the business environment remains unattractive. Further development and strengthening social safety nets are essential. The monetary policy stance is appropriate and continuing commitment to exchange rate flexibility is appreciated. Improving the business environment is important to raise productivity, enhance competitiveness, and achieve higher and more inclusive growth.