IMF Confirms Haiti Met All Targets Under Staff-Monitored Programme

Persistent insecurity and external shocks pose ongoing challenges for Haiti's economic recovery.

Apr. 6, 2026 at 8:34pm

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A minimalist illustration composed of bold geometric shapes in primary colors, conceptually representing the economic challenges facing Haiti, including the impact of higher oil prices and the need for improved governance and fiscal management.An abstract illustration captures the complex economic pressures facing Haiti as it navigates political fragility and external shocks.Washington Today

The International Monetary Fund (IMF) announced that Haiti has met all targets under its current Staff-Monitored Programme (SMP) as of the end of 2025, including on international reserves, primary balance, revenue collection, monetary financing, and social spending. However, the IMF noted that progress has been slower than anticipated due to security issues, capacity constraints, and political uncertainty.

Why it matters

Haiti's ability to meet the SMP targets is an important step in stabilizing the country's economy and paving the way for potential future financial assistance from the IMF. However, the IMF warned that persistent insecurity, political fragility, and external shocks like rising oil prices continue to pose major challenges for Haiti's economic recovery.

The details

According to the IMF, Haiti has reaffirmed its commitment to the SMP and has requested an extension until June 2027. The SMP supports the government's priorities of stabilizing the economy, strengthening governance, and reinforcing the social safety net. Key reforms include improving public financial management, tackling corruption, and strengthening the anti-money laundering framework. The IMF also highlighted the need for Haiti to boost revenue mobilization, improve budget execution, and protect the most vulnerable amid the country's dire humanitarian and economic situation.

  • As of the end of December 2025, all programme targets were met under the existing Staff-Monitored Programme.
  • Haiti's SMP is currently set to expire in June 2027.

The players

International Monetary Fund (IMF)

The Washington-based global financial institution that oversees the Staff-Monitored Programme in Haiti.

Camilo E. Tovar

A senior economist in the Regional Studies Division of the IMF's Western Hemisphere Department who led the virtual mission to Haiti.

Bank of the Republic of Haiti (BRH)

Haiti's central bank, which remains committed to preserving price and exchange rate stability under the SMP.

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What they’re saying

“Persistent insecurity, political fragility, and the recent increase in international oil prices are compounding the country's dire humanitarian and economic situation. Against this backdrop, we encourage authorities to deploy their accumulated buffers to help mitigate shocks, preserve macroeconomic stability, and protect the most vulnerable.”

— Camilo E. Tovar, Senior Economist, IMF Western Hemisphere Department

“The recent oil price shock, in particular, underscores the importance of adapting policy implementation as conditions evolve.”

— Camilo E. Tovar, Senior Economist, IMF Western Hemisphere Department

What’s next

The IMF will continue to engage with Haitian authorities over the coming weeks as they work to extend the Staff-Monitored Programme until June 2027. This will help anchor macroeconomic stability and maintain the reform agenda despite the country's ongoing challenges.

The takeaway

While Haiti has made progress in meeting the targets under the IMF's Staff-Monitored Programme, the country continues to face significant headwinds from persistent insecurity, political instability, and external shocks like rising oil prices. Sustained reforms to strengthen governance, boost revenue mobilization, and protect the most vulnerable will be crucial for Haiti's long-term economic recovery.