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IMF APPROVED STAFF MONITORED PROGRAMME FOR HAITI

IMF Director Kristalina Georgieva


July 3, 2022 | By Colin O. Jarrett |

The Management of the International Monetary Fund (IMF) has approved a Staff-Monitored Programme (SMP) for Haiti.

This follows discussions from March to May, 2022.  The SMP was approved on June 17 and runs through May 31, 2023.

The SMP was designed by IMF staff and the Haitian authorities, keeping in mind Haiti’s fragility and capacity constraints while supporting the authorities’ economic policy objectives.

With timely implementation of the programme, the SMP would help the authorities establish a track record of policy implementation, possibly paving the way to an IMF-supported upper credit tranche programme.

SMPs are arrangements between country authorities and the IMF to monitor the implementation of the authorities’ economic programme but are not accompanied by financial assistance.

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