Haiti receives $105 million emergency loan
IMF urges central bank to cut back monetary financing
The International Monetary Fund granted a $105 million emergency loan to Haiti on January 24 under its food shock window. The funds will address a “dire humanitarian crisis” in the Caribbean country.
In its press release, the fund counselled that the Bank of the Republic of Haiti should “reduce monetary financing of the deficit”. The fund also encouraged the central bank to limit interventions in the Haitian foreign exchange market. Fund staff said Haitian authorities were committed to these
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