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The January 2010 earthquake represented a major setback for Haiti, after several years of improved economic performance. Executive Directors commended the authorities for quickly restoring basic government functions and maintaining sound policies during the crisis. Directors welcomed the National Action Plan for Recovery and Development and also the Partial Credit Guarantee scheme. They also stressed the need to strengthen revenue administration, monetary framework, and tax policy reforms. Directors agreed that Haiti met the eligibility and qualification criteria for debt stock relief under the Post-Catastrophe Debt Relief (PCDR) Trust Fund.Approval of this request would result in a first disbursement of SDR 8.19 million, followed by six semi-annual disbursements. These resources will help us smooth excessive exchange rate and/or reserves movements caused by large and volatile aid inflows. ... Haiti will keep consulting with the Fund on the adoption of these measures and in advance of any revision to policies contained in the ... Reforms in the social area have improved access to basic health and education services. 2.

Author: International Monetary Fund
Publisher:International Monetary Fund - 2010-08-11

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