Appeals & Response Plans
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The Executive Board of the International Monetary Fund (IMF) approved a three-year SDR 49.14 million (about US$69.7 million, 60 percent of quota) arrangement under the Extended Credit Facility (ECF) for Haiti on Monday, May 18, 2015.
Press Release No. 14/409
September 3, 2014
On August 27, 2014 the Executive Board of the International Monetary Fund (IMF) approved the extension to December 28, 2014 of the arrangement with Haiti under the Extended Credit Facility (ECF). The Board's decision was taken without a Board meeting. The Haitian authorities requested the extension to provide them with additional time to implement actions on the fiscal and structural fronts that are needed for the completion of the eighth and final review under the arrangement and the related disbursement.
November 25, 2013
A mission from the International Monetary Fund (IMF) headed by Mr. Gabriel Di Bella visited Port-au-Prince during November 6-15, 2013, to conduct discussions for the seventh review under the Extended Credit Facility (ECF) arrangement1. The mission met with Prime Minister Laurent Lamothe; Minister of Economy and Finance Wilson Laleau; Governor of the Bank of the Republic of Haiti 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:
Press Release No. 13/298
August 2, 2013
Press release No. 12/482
Press Release No. 12/269
July 20, 2012
The Executive Board of the International Monetary Fund (IMF) completed the fourth review of Haiti’s performance under the Extended Credit Facility (ECF) arrangement on July 20, 2012. The Board's decision was taken on a lapse of time basis.* Completion of the review will enable an immediate disbursement of SDR 4.914 million (about US$7.4 million), bringing total disbursements under the program to date to SDR 31.122 million (about US$46.9 million).
Press Release No. 12/223
Press Release No. 11/470
December 15, 2011
Press Release No. 11/171
May 11, 2011
The Executive Board of the International Monetary Fund (IMF) today completed the first review of Haiti’s performance under the Extended Credit Facility (ECF) arrangement. Completion of the review will enable an immediate disbursement of SDR 8.2 million (about US$13.1 million), bringing total disbursements under the program to date to SDR 16.38 million (about US$26.2 million).
Under Article IV of the IMF's Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. In the context of the 2010 Article IV consultation with Haiti, the following documents have been released and are included in this package:
- The staff report for the 2010 Article IV consultation, prepared by a staff team of the IMF, following discussions that ended on May 28, 2010, with the officials of Haiti on economic developments and policies. Based on information available at the time of these discussions, the staff report was completed on June 30, 2010.
Press Release No. 10/299
July 21, 2010
The Executive Board of the International Monetary Fund (IMF) today approved the full cancellation of Haiti's outstanding liabilities to the Fund, of about SDR 178 million (equivalent to US$268 million).
Following the devastating earthquake in Haiti, the IMF established a Post-Catastrophe Debt Relief (PCDR) Trust that allows the Fund to join international debt relief efforts for very poor countries that are hit by the most catastrophic of natural disasters. Such debt relief is intended to free up additional resources to meet exceptional balance of payments needs created by the disaster and the recovery, complementing fresh donor financing and the Fund's concessional liquidity support.
Purpose of the PCDR.
Press Release No. 10/59
February 24, 2010
The following statement has been issued today by an International Monetary Fund (IMF) spokesperson:
"The Management and staff of the International Monetary Fund and the Central Bank of the Republic of Haiti discussed a proposal prepared by the Haitian authorities to maintain financial stability and restart private sector credit.
"This proposal will be critical to allowing the private sector to fully play its role in rebuilding the economy and providing jobs, in the context of the broader reconstruction and economic recovery.
With Corinne Deléchat, Haiti Mission Chief in the Western Hemisphere Department, and Andreas Adriano, External Relations officer
January 27, 2010
MR. ADRIANO: Good afternoon to everybody and thank you for dialing into this conference call on the IMF's approval of $100 million emergency aid to Haiti. I would like to introduce Corinne Deléchat. She's the Mission Chief for Haiti in the Western Hemisphere Department at the IMF, and she will be ready to take questions after. Do you want to make some initial comments?
Press Release No. 10/17
The Executive Board of the International Monetary Fund today completed the sixth and final review under Haiti's Extended Credit Facility and approved an SDR 65.5 million (equivalent to about US$102 million) augmentation to the facility, that will help Haiti cope with the aftermath of the massive and disastrous earthquake that struck the country on January 12, 2010.
head calls for major international aid plan to rebuild Haiti
- IMF has promised initial $100 million as emergency funding
- Urges donors to grant additional debt relief
The head of the IMF has called for a major multilateral aid plan to rebuild the shattered Caribbean island of Haiti where the fight is still on to save lives after a devastating earthquake.
"My belief is that Haiti- which has been incredibly hit by different things-the food and fuel prices crisis, then the hurricane, then the earthquake-needs something that is big.
Press Release No. 10/06
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), announced today that the Fund will provide US$100 million very rapidly in emergency financing to Haiti to assist it in dealing with the aftermath of the massive and devastating earthquake that has hit the country.
"I have asked staff to look into all the possibilities and am pleased to announce that we are able to make US$100 million available very quickly.
Press Release No. 10/02
January 13, 2010
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following statement today on Haiti:
"I am very saddened by the events unfolding in Haiti following what is yet another major natural disaster. On behalf of everyone at the International Monetary Fund, I offer my deepest condolences and best wishes to the victims of this tragedy.
And request for waiver of performance criterion, modification of performance criteria, and extension of the arrangement
Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Haiti.
In the context of the fifth review under the three-year arrangement under the poverty reduction and growth facility, request for waiver of performance criterion, modification of performance criteria, and extension of the arrangement, the following documents have been released and are included in this package:
- The staff report for the Fifth …
and Request for Waiver of Performance Criterion and Augmentation of Access - Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Haiti
IMF Country Report No. 09/77
Macroeconomic outcomes in the second year of the PRGF arrangement (FY 2008) were weaker than anticipated at the time of the third review. A prolonged political stalemate constrained government operations, while severe natural disasters caused damages estimated at about 15 percent of GDP.