iciHaiti - Economy : Growth prospects in Haiti - iciHaiti.com : All the news in brief 7/7

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iciHaiti - Economy : Growth prospects in Haiti
07/08/2017 12:00:09

In its latest notes on monetary policy, the Bank of the Republic of Haiti (BRH) estimates that the prospects for economic growth at the end of the financial year will depend in large part on the results that will be obtained by the agricultural sector after the campaign of spring. The latter will be influenced by the important support given by the government through public investments, mainly in infrastructure rehabilitation, in the regions of Artibonite and the South. These prospects will also depend on the behavior of the exchange rate in the coming months and whether or not there is a delay in the transmission of the appreciation of the gourde towards the evolution of inflation.

The BRH will nevertheless remain committed to its mission of maintaining the external and internal value of the national currency by taking the necessary measures to reduce exchange rate volatility and its impact on the price level. Moreover, the monetary authorities will continue to maintain a position to stimulate sustainable economic growth through financial incentives to encourage the provision of viable financing to productive sectors.

In the long term, the Central Bank's efforts, consistent with the public policy framework defined by government authorities, both in terms of stabilizing the macroeconomic framework and boosting high-value-added sectors, aim to create the conditions for a prompt revitalization of the economy.

IH/ iciHaiti