Economy

IMF approves funds for Haiti — JamaicaObserver.com


IMF_4The International Monetary Fund (IMF) is providing US$2.5 million to Haiti as it praised the French-speaking Caribbean Community (CARICOM) country for its economic performance “despite difficult circumstances”.

The Washington-based financial institution said it has completed the seventh review of Haiti’s performance under its programme supported by the Extended Credit Facility (ECF) arrangement.

“Completion of the review will enable an immediate disbursement equivalent of about US$2.5 million, bringing total disbursements under the program to date to the equivalent of about US$60.7 million,” the IMF added.

It said the Haiti’s requests for waivers of nonobservance of the continuous performance criterion on the contracting or guaranteeing of short-term non-concessional external debt and approved modifications to end-March performance criteria had also been approved. via – JamaicaObserver.com

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