IMF to Disburse $13.1 Million to Haiti After Reviewing Policies

By Sandrine Rastello - May 12, 2011 12:56 AM GMT+0200 The International Monetary Fund agreed to disburse $13.1 million to Haiti after reviewing the country’s progress in implementing policies attached to a $60- million loan.
“The Haitian economy is recovering, and just over a year after the devastating earthquake, essential state functions have been reinstated and prudent macroeconomic policies have helped support growth and contain inflation to single-digit levels, IMF Deputy Managing Director Naoyuki Shinohara said in an e-mailed statement.
The Washington-based IMF last year canceled Haiti’s outstanding debt and approved a new loan to support the country’s effort to rebuild its economy after a January earthquake that killed 300,000 people in the Western hemisphere’s poorest nation.
Shinohara said the economic outlook is favorable if authorities and international financial contributors make ‘‘concerted efforts to accelerate the reconstruction and facilitate the transition from disaster recovery to policies aimed at ensuring high and sustained growth and poverty reduction.”
To contact the reporter on this story: Sandrine Rastello in Washington at srastello@bloomberg.net.
To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net.
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