The macroeconomic objectives for 2015

Highlight: Haiti: By Kathleen Dorsainvil

1. Economic Growth

• The expected growth rate is 10.4% for the fiscal year of 2010/11. If it is reached, the GDP would be the highest which have reached the Haitian economy over the last ten years. This rate relies heavily on the sectors of construction and agriculture. However, according to statistics released by the Haitian Institute of Statistics and Informatics (IHSI), the contributions of the construction sector and agriculture in GDP are around 8% and 23% respectively… It's a challenge!

• It is anticipated that the construction market will be dominated by foreign firms…

• The construction of "buildings and 250,000 houses are planned."

• The addendum provides a prominent place in agriculture and agro-industry.

2. Tax and Fiscal Policy

• The addendum establishes the budgetary support from the international community. He had hoped that this corresponds to a better management and even a reduction of unproductive expenditure of the central state. For example, managers in this country seem to forget that video conferencing can achieve the same purpose and be cheaper to the taxpayer of Haiti than frequent travels.

3. Monetary

• It is to note that the addendum is to keep inflation below 10%, without any proof of that amount.

• We must welcome the establishment of guarantee funds, credit institutions providing some guarantee of funds lent. What about a guarantee fund for depositors, like FDIC (Federal Deposit Insurance Company)? The existence of such an institution would have the advantage of strengthening the role of supervision and consumer protection of the Central Bank. It would reassure investors...

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