The International Monetary Fund has approved the third review of Haiti’s Staff-Monitored Program and the authorities’ request to extend the program through 19 June 2027. The IMF said all end-December 2025 program targets were met despite Haiti’s severe security, humanitarian and political strains, with reserve accumulation, revenue, primary balance, social spending and monetary financing targets remaining on track. The program remains aimed at stabilizing the economy, improving governance and anti-corruption controls, and strengthening the social safety net in a setting of acute fragility. The review notes that economic conditions remain very weak, with real GDP contracting for a seventh straight year in FY2025 and another contraction expected in FY2026, while higher oil prices have increased Haiti’s fuel import bill and implicit subsidy costs. Even so, international reserves are projected at USD 3.4 billion at end-FY2026, equivalent to more than seven months of prospective imports, and the exchange rate has stayed stable. The extended program will keep focusing on governance and anti-corruption reforms, tax and customs administration, better budget execution and protection for vulnerable households, stronger central bank reserve management, risk-based bank supervision, improved data quality, and reliance on grant financing rather than non-concessional borrowing to contain fiscal risks. Under the IMF’s strategy for fragile and conflict-affected states, staff will continue working with Haiti’s development partners, particularly on governance and institutional capacity.
International Monetary Fund2026-05-21
International Monetary Fund approves third review of Haiti’s Staff-Monitored Program and extends it through 19 June 2027
The International Monetary Fund approved the third review of Haiti’s Staff-Monitored Program and extended it through 19 June 2027, noting that all end-December 2025 targets were met despite severe security, humanitarian and political strains. The program focuses on macroeconomic stabilisation, governance and anti-corruption reforms, stronger reserve management and risk-based bank supervision, and a shift toward grant financing to contain fiscal risks. Under its fragile and conflict-affected states strategy, the IMF will work with Haiti’s development partners to support governance and institutional capacity.