IMF highlights Haiti's challenging economic situation

An IMF staff team led by Camilo E. Tovar conducted a remote mission from September 14 to 25, 2026, assessing progress under Haiti’s staff-monitored program (SMP). The mission concluded that despite meeting most quantitative and indicative targets by the end of June 2026, implementation has been hindered by persistent insecurity and administrative constraints.

Insecurity continues to hamper economic activity and essential service delivery. Rising oil prices are impacting fiscal and external balances while contributing to increased living costs. Additionally, the expiration of Temporary Protected Status (TPS) for Haitians in the United States could reduce remittances, exacerbating vulnerabilities.

The IMF also noted that inflation is projected at approximately 16% year-on-year by fiscal year-end, down from a peak over 32% recorded in October 2025. The external position benefits from strong private transfers and adequate international reserves but remains vulnerable to prolonged increases in fuel import costs.

Challenges Ahead

The IMF emphasized the need for Haiti’s authorities to strengthen governance and financial integrity to enhance public confidence, particularly amid a fragile political transition and electoral preparations scheduled for December 2026. The program will focus on revenue mobilization through tax reform and improved cash management practices, as well as prudent debt management.

Context

According to a report by the International Organization for Migration published in June, nearly 1.5 million of Haiti’s roughly 11 million inhabitants are internally displaced due to gang violence. This underscores the critical humanitarian situation alongside economic challenges.