IMF praises Haitian central bank but warns of ‘unprecedented crisis’

Haiti earthquake
Haiti in the aftermath of the 2010 earthquake
RIBI Image Library/Flickr

An International Monetary Fund staff team has praised Haiti’s central bank, but said the country is facing a crisis that is “without precedent”.

Haiti’s GDP is expected to shrink by about 1.2% in the fiscal year 2019, the staff team said in its report on November 25. It said year-on-year inflation rose above 20% in September. “The political, economic and social crisis confronting Haiti is without precedent,” the IMF staff reported. Haiti is the poorest country in the Western Hemisphere,

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