According to an assessment by the International Monetary Fund, Haiti’s inflation rate reached 32% year-on-year, while public debt could rise to 12,4% of Gross Domestic Product by the end of the year.

“The Haitian economy has been in contraction for seven consecutive years,” the report emphasizes.

The press release points out that the situation is particularly worrying in the banking sector.

In June, for example, the non-performing loan rate exceeded 13%, while the banking system’s capital ratio reached 22%, well above the average of 12%. This report highlighted that the exchange rate remains stable.

The IMF—cited by the newspaper Le National—warned that new migration policies could have a negative impact on financial remittances, including through massive repatriations.

In its report, the financial institution recommended the implementation of governance reforms aimed at improving economic conditions, strengthening the Central Bank’s monetary policy framework, and optimizing public revenue mobilization and budget execution.

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