{"id":16739,"date":"2018-06-21T19:37:39","date_gmt":"2018-06-21T23:37:39","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=16739"},"modified":"2018-06-21T19:37:39","modified_gmt":"2018-06-21T23:37:39","slug":"imf-concludes-visit-to-haiti-points-to-positive-growth-outlook","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/imf-concludes-visit-to-haiti-points-to-positive-growth-outlook\/","title":{"rendered":"IMF concludes visit to Haiti \u2013 points to positive growth outlook"},"content":{"rendered":"
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The International Monetary Fund (IMF) says Haiti\u2019s growth outlook remains positive as GDP ( gross domestic product) growth has accelerated slightly to reach about two percent, supported by public investment.<\/p>

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In a statement following a visit to Haiti\u2019s northern region and the capital Port au Prince , the IMF mission, led by Chris Walker said the country\u2019s annual average inflation remains below 15 per cent.<\/p>\n

\u201cBased on preliminary results, Haiti\u2019s growth outlook remains positive: GDP growth has accelerated slightly, buoyed by public investment, to reach about 2 per cent for the current fiscal year ending in September.\u201d<\/p>

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\"\"<\/a>This is linked to Haiti\u2019s potential for more rapid growth following the envisaged implementation of structural reforms.<\/p>

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The lending agency also said economic activity is expected to accelerate in 2019 on the back of both public and private investment.\u00a0<\/span><\/p>\n

\u201cA reduction of the public-sector deficit should allow the private sector to benefit from new financing opportunities. The reduction of the fiscal deficit should also limit monetary financing, which in turn should reduce inflationary pressures. However, the country\u2019s economy is subject to significant risks, including externally in the form of climate risks and those related to changes in global oil prices,\u201d the team said.<\/p>

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\u201cThe performance of the authorities\u2019 programme was satisfactory in the first quarter of 2018. The budget deficit was below 2.2 percent of GDP for the fiscal year to date, after adjusting for expenditures on recovery from Hurricane Matthew.\u201d<\/p>\n

The team said it has reached an agreement with the Haitian authorities on fiscal policy measures for fiscal year 2018 to achieve the programme\u2019s objectives.\u00a0<\/span><\/p>

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\u201cThese measures should enable the state to create the fiscal space needed to improve social programs and increase public investment, particularly in health, education, and social services.\u201d<\/p>

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\u201cWe also agreed with the authorities specifically on the need to improve domestic resource mobilization in order to create fiscal space for priority expenditures.\u201d<\/p>\n

The mission added that it also welcomes the government\u2019s intention to eliminate fuel price subsidies.<\/p>\n

\u201cStaff congratulated the Haitian authorities for measures to reform the electricity sector and to contain fiscal losses linked to the operations of the public electricity utility (EDH). In addition to reducing the losses due to EDH\u2019s operations, the measures will help to ensure sustainable medium-term growth of the electricity sector and improve the environment for private investment.\u201d<\/p>\n

The team went on to commend the authorities\u2019 progress towards greater transparency of the financial and public accounts sectors.<\/p>\n

\u201cTogether with the authorities, we agreed on the need to accelerate the pace of structural reforms that are essential for sustaining private sector-led growth, thereby boosting economic growth and reducing poverty more broadly. The mission encouraged the authorities to move forward with reforms aimed at streamlining taxation and strengthening tax administration.\u00a0<\/span><\/p>\n

In addition, the mission and the authorities agreed that higher levels of both public and foreign direct investment would help Haiti to achieve higher growth over the long term.<\/p>\n

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The International Monetary Fund (IMF) says Haiti\u2019s growth outlook remains positive as GDP ( gross domestic product) growth has accelerated slightly to reach about two percent, supported by public investment. In a statement following a visit to Haiti\u2019s northern region and the capital Port au Prince , the IMF mission, led by Chris Walker said […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-16739","post","type-post","status-publish","format-standard","hentry","category-regional"],"yoast_head":"\nIMF concludes visit to Haiti \u2013 points to positive growth outlook - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/imf-concludes-visit-to-haiti-points-to-positive-growth-outlook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF concludes visit to Haiti \u2013 points to positive growth outlook\" \/>\n<meta property=\"og:description\" content=\"The International Monetary Fund (IMF) says Haiti\u2019s growth outlook remains positive as GDP ( gross domestic product) growth has accelerated slightly to reach about two percent, supported by public investment. 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