[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110364-en":3,"doc-seo-110364-105":29,"detail-sidebar-cat-0-en-105":90},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":4,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":13,"seo_description":14,"update_tm":27,"read_time":28},110364,549758252649,"Ivy","https://ap-avatar.wpscdn.com/avatar/8000253669c5317157?_k=1778319167496531819",8,"Research & Report","Haiti - Joint World Bank-IMF Debt Sustainability Analysis - Debt distress risk assessment","Joint World Bank–IMF analysis evaluates Haiti’s debt sustainability under the SMP baseline scenario. The external debt risk of distress is rated high, while overall public debt remains sustainable. The assessment identifies high-probability protracted threshold breaches on external debt in a 20-year horizon from FY2035, influenced by fragility, conflict and violence, and frequent natural-disaster shocks. Downside risks persist due to economic, policy, and institutional vulnerabilities, including debt data limitations.","Public Disclosure  \nPub lic Disc losure Authorized  \nApproved by:  \nRobert Taliercio and Manuela Francisco (IDA) Patricia Alonso-Gamo and Andrea Schaechtera (IMF)  \nPrepared by the staff of the International Development Association (IDA) and the International Monetary Fund (IMF)  \n\n| HAITI: JOINT BANK-FUND DEBT SUSTAINABILITY ANALYSIS1 |  |\n| --- | --- |\n| Risk of external debt distress | High2 |\n| Overall risk of debt distress | High |\n| Granularity in the risk rating | Debt is sustainable |\n| Application of judgment | Yes: High probability of protracted threshold breaches on external debt under a 20-year horizon from FY2035 and important risks and vulnerabilities to debt outlook. |\n\nThis DSA updates the analysis conducted at the time of the SMP approval in June 2022, with the overall assessment largely unchanged. Haiti’s risk of debt distress is assessed as “high” but overall public debt remains sustainable. Haiti is a Fragile and Conflict-Affected State (FCS) or affected by fragility, conflict, and violence, as defined by the World Bank and the IMF, and tailored stress tests suggest that its debt risk rating remains vulnerable to large natural disaster shocks, which are statistically frequent. Nevertheless, the level of public debt, a few characteristics of its profile such as its relatively long maturity of external debt and investment base, and the implementation of some structural reforms that boost growth potential under the SMP baseline scenario, point to a sustainable public debt. Although debt ratios have improved, this assessment remains subject to downside risks as Haiti continues to face important economic, policy, and institutional fragilities, and exceptional vulnerability to natural disasters and debt data limitations are also present. It will be essential for the government to follow through key reforms to mobilize additional revenues and  \n1 Approved by Patricia Alonso-Gamo (WHD) and Andrea Schaechter (SPR); Manuela Francisco and Robert Taliercio (IDA World Bank) .  \n2 The current Composite Index (CI) is estimated at 2.767 and is based on the Bank’s 2021 CPIA and the October 2022 WEO. Haiti’s debt-carrying capacity remains medium.  \nimprove efficiency of government expenditures, develop domestic markets, and growth enhancement policies to allow for a higher potential growth, about 1.5 percent currently assumed in this DSA.  \n1. Coverage. Gross public debt used for this DSA covers the central government, local governments, extrabudgetary autonomous organisms, the state-owned electricity company Electricité d’Haiti (EDH), and financing from the Banque de la République d’Haiti (BRH) to the government (Text Table 1) . External debt data come from the BRH and include debt to multilateral and bilateral creditors, including foreign oil companies, as well as an estimate of contingent liabilities. External debt is defined on a residency basis. No data are available on guaranteed debt, including to other state-owned enterprises (SOEs), and nonguaranteed SOE debt.  \n\n|  |  |  |  |  |  |  |  |\n| --- | --- | --- | --- | --- | --- | --- | --- |\n|  |  |  | \u003Cbr>Subsectors of the public sector  Check box \u003Cbr>Central government\u003Cbr>State and local government\u003Cbr>Other elements in the general government\u003Cbr>o/w: Social security fund\u003Cbr>o/w: Extra budgetary funds (EBFs)\u003Cbr>Guarantees (to other entities in the public and private sector, including to SOEs) Central bank (borrowed on behalf of the government)\u003Cbr>Non-guaranteed SOE debt\u003Cbr> |  |  |  |  |\n|  | 1\u003Cbr>2\u003Cbr>3\u003Cbr>4\u003Cbr>5\u003Cbr>6\u003Cbr>7\u003Cbr>8 |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |  |\n|  | 1 | The country's coverage of public debt  The general government  |  |  |  |  |  |\n|  |  |  |  | Default | Used for the analysis | Reasons for deviations from the default settings |  |\n|  | 2\u003Cbr>3\u003Cbr>4\u003Cbr>5 | \u003Cbr>Other elements of the general government not captured in 1. 1/ 0 percent of GDP 0.3\u003Cbr>SoE's debt (guaranteed and not guaranteed by the government) 2/ 2 percent of GDP 2\u003Cbr>Public Priv","cbCaioL6bhF6akPd","https://ap.wps.com/l/cbCaioL6bhF6akPd","pdf",827176,1,22,"English","en",105,"# Risk and overall assessment\n## External debt distress and threshold breaches\n## Judgment and vulnerability factors\n# Debt coverage and data scope\n## Public and external debt definitions\n## Contingent liabilities and limitations\n# Policy context and reform actions\n## FY2022 performance and policy actions (PPAs)\n## FY2023 targets and fiscal measures","[{\"question\":\"How are Haiti’s risks of debt distress rated in the analysis?\",\"answer\":\"The risk of external debt distress is assessed as high. Overall risk of debt distress is also high, but overall public debt remains sustainable.\"},{\"question\":\"What drives the expected threshold breaches mentioned by the analysis?\",\"answer\":\"The document cites high-probability protracted threshold breaches on external debt over a 20-year horizon from FY2035, linked to key risks and vulnerabilities in the debt outlook.\"},{\"question\":\"What does the debt coverage include and what data gaps exist?\",\"answer\":\"Gross public debt covers central and local governments, extrabudgetary autonomous organisms, Electricité d’Haiti (EDH), and government financing from the Banque de la République d’Haiti (BRH). External debt includes multilateral and bilateral creditors and estimates of contingent liabilities; guaranteed debt and some SOE-related data are not available.\"}]",1784485081,55,{"code":4,"msg":30,"data":31},"ok",{"site_id":24,"language":23,"slug":32,"title":13,"keywords":33,"description":14,"schema_data":34,"social_meta":85,"head_meta":87,"extra_data":89,"updated_unix":27},"haiti-joint-world-bank-imf-debt-sustainability-analysis-debt-distress-risk-assessment","",{"@graph":35,"@context":84},[36,53,67],{"@type":37,"itemListElement":38},"BreadcrumbList",[39,43,47,50],{"item":40,"name":41,"@type":42,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":44,"name":45,"@type":42,"position":46},"https://docshare.wps.com/document/","Document",2,{"item":48,"name":12,"@type":42,"position":49},"https://docshare.wps.com/document/research-report/",3,{"item":51,"name":13,"@type":42,"position":52},"https://docshare.wps.com/document/haiti-joint-world-bank-imf-debt-sustainability-analysis-debt-distress-risk-assessment/110364/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":61,"encodingFormat":60,"isAccessibleForFree":62,"interactionStatistic":63},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":40,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-19",true,{"@type":64,"interactionType":65,"userInteractionCount":4},"InteractionCounter",{"@type":66},"ViewAction",{"@type":68,"mainEntity":69},"FAQPage",[70,76,80],{"name":71,"@type":72,"acceptedAnswer":73},"How are Haiti’s risks of debt distress rated in the analysis?","Question",{"text":74,"@type":75},"The risk of external debt distress is assessed as high. Overall risk of debt distress is also high, but overall public debt remains sustainable.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"What drives the expected threshold breaches mentioned by the analysis?",{"text":79,"@type":75},"The document cites high-probability protracted threshold breaches on external debt over a 20-year horizon from FY2035, linked to key risks and vulnerabilities in the debt outlook.",{"name":81,"@type":72,"acceptedAnswer":82},"What does the debt coverage include and what data gaps exist?",{"text":83,"@type":75},"Gross public debt covers central and local governments, extrabudgetary autonomous organisms, Electricité d’Haiti (EDH), and government financing from the Banque de la République d’Haiti (BRH). External debt includes multilateral and bilateral creditors and estimates of contingent liabilities; guaranteed debt and some SOE-related data are not available.","https://schema.org",{"og:url":51,"og:type":86,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":88,"canonical":51},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":91},[92,96,100,104,109,114,119,122,127,130,134],{"id":20,"doc_module":4,"doc_module_name":45,"category_name":93,"show_sort_weight":94,"slug":95},"Story & Novel",90,"story-novel",{"id":46,"doc_module":4,"doc_module_name":45,"category_name":97,"show_sort_weight":98,"slug":99},"Literature",80,"literature",{"id":52,"doc_module":4,"doc_module_name":45,"category_name":101,"show_sort_weight":102,"slug":103},"Exam",70,"exam",{"id":105,"doc_module":4,"doc_module_name":45,"category_name":106,"show_sort_weight":107,"slug":108},5,"Comic",60,"comic",{"id":110,"doc_module":4,"doc_module_name":45,"category_name":111,"show_sort_weight":112,"slug":113},6,"Technology",50,"technology",{"id":115,"doc_module":4,"doc_module_name":45,"category_name":116,"show_sort_weight":117,"slug":118},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":45,"category_name":12,"show_sort_weight":120,"slug":121},30,"research-report",{"id":123,"doc_module":4,"doc_module_name":45,"category_name":124,"show_sort_weight":125,"slug":126},9,"Religion & Spirituality",20,"religion-spirituality",{"id":125,"doc_module":4,"doc_module_name":45,"category_name":128,"show_sort_weight":125,"slug":129},"World Cup","world-cup",{"id":131,"doc_module":4,"doc_module_name":45,"category_name":132,"show_sort_weight":131,"slug":133},10,"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":45,"category_name":136,"show_sort_weight":105,"slug":137},19,"General","general"]