Imf Staff Country Report 98/101 Haiti - Recent Economic Developmetns

Download or read book Imf Staff Country Report 98/101 Haiti - Recent Economic Developmetns written by International Monetary Fund and published by . This book was released on 1998-10-13 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes economic developments in Haiti during the 1990s. With the return of constitutional rule toward the end of 1994, the Haitian economy began to recover from the severe effects of the political strife that engulfed the country during the early 1990s. In FY1994/95, real GDP expanded strongly as substantial financial and technical support from the international community poured into the country. Investment rose and inflation moderated; external payment arrears were cleared and the external debt burden was reduced. Remittances from Haitians living abroad began to increase and official net international reserves also rose.