[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111336-en":3,"doc-seo-111336-105":29,"detail-sidebar-cat-0-en-105":91},{"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":20,"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},111336,4398048949847,"Eliana","https://ap-avatar.wpscdn.com/avatar/400002536579ef2da7f?_k=1778318612642679267",8,"Research & Report","Haiti: Joint World Bank-IMF Debt Sustainability Analysis - External Debt Distress Risk and Public Debt Sustainability","Debt Sustainability Analysis for Haiti jointly prepared by the World Bank (IDA) and the IMF updates the 2024 Article IV consultation. The external debt distress risk remains “high” under the baseline due to earlier breaches of export-related thresholds, while public debt is assessed as sustainable. Key support comes from Venezuelan debt relief and continued security improvement, alongside reforms to strengthen revenue collection and spending efficiency. Downside risks include natural-disaster shocks and possible declines in grants, remittances, and FDI inflows.","Public Disclosure Authorized  \nPub lic Disc losure Authorized  \nApproved by:  \nManuela Francisco and Oscar Calvo-Gonzalez (IDA) , and Dora Iakova and Jay Peiris (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 ANALYSIS |  |\n| --- | --- |\n| Risk of external debt distress | High 1 |\n| Overall risk of debt distress | High |\n| Granularity in the risk rating | Debt is sustainable |\n| Application of judgment | No |\n\nThis Debt Sustainability Analysis (DSA) updates the 2024 Article IV consultation assessment. The overall conclusion remains: (i) the risk of debt distress is “high”, but (ii) public debt is sustainable, supported by the Venezuelan debt relief, which has significantly improved key debt indicators. Under the baseline scenario, the risk of external debt distress rating is high, due to breaches in export-related external debt thresholds.2 Public debt is assessed as sustainable, underpinned by gradual security improvement and reforms to boost revenue collection and spending efficiency. Risks are tilted downward due to natural disaster-related shocks, and potential declines in official grants, remittances, and FDI inflows. On the upside, security improvements may follow from the United Nation’s Gang Suppression Force. Debt sustainability hinges on the authorities’ ability to maintain sound macroeconomic and fiscal management, and securing donor financing.  \n1 The current composite indicator (CI) is estimated at 2.611 and is based on the World Bank’s 2024 Country Policy and Institutional Assessment (CPIA) and the April 2025 World Economic Outlook (WEO) . Haiti’s debt-carrying capacity is downgraded to “weak” from “medium” in the previous DSA.  \n2 Breaches occur earlier than in the 2024 Article IV DSA, mainly due to Haiti's downgrade from medium to weak debt carrying capacity, reflecting weaker economic fundamentals and institutional strength per the CPIA.  \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 advances by the central bank—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 non-guaranteed SOE debt.  \n\n|  |\n| --- |\n| Subsectors of the public sector Check box\u003Cbr>\u003Cbr>1 Central government X\u003Cbr>2 State and local government X\u003Cbr> 3 Other elements in the general government \u003Cbr>\u003Cbr>4 o/w: Social security fund\u003Cbr>5 o/w: Extra budgetary funds (EBFs) X 6 Guarantees (to other entities in the public and private sector, including to SOEs)\u003Cbr>7 Central bank (borrowed on behalf of the government)\u003Cbr>8 Non-guaranteed SOE debt\u003Cbr>1 The country's coverage of public debt  The central, state, and local governments plus extra budgetary funds  Default Used for the analysis Reasons for deviations from the default settings 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 Private Partnership (PPP) 35 percent of PPP stock 0\u003Cbr>Financial market (the default value of 5 percent of GDP is the minimum value)  5 percent of GDP 5 \u003Cbr>Total (2+3+4+5) (in percent of GDP) 7.3\u003Cbr>\u003Cbr>\u003Cbr>\u003Cbr>1/ Includes an estimate of external contingent liabilities.\u003Cbr>2/ The default shock of 2% of GDP will be triggered for countries whose government-guaranteed debt is not fully captured under the country's public debt definition (1 .) . If it is already included in the government debt (1 .) and risks associated w","cbCaivUDBuFVGDnV","https://ap.wps.com/l/cbCaivUDBuFVGDnV","pdf",865039,1,22,"English","en",105,"# Risk assessment and overall conclusion\n## External debt distress risk\n## Public debt sustainability\n## Judgement and application\n# Baseline drivers and scenarios\n## Breaches in export-related thresholds\n## Downside and upside risks\n## Debt management requirements\n# Coverage, definitions, and data sources\n## Gross public debt coverage\n## External debt definitions\n## Domestic public debt calculation\n# Policy actions and debt transparency\n## Commitment to expand debt coverage\n## Contracting and transparency improvements","[{\"question\":\"What are the key findings on Haiti’s debt distress risk?\",\"answer\":\"The analysis concludes the risk of debt distress is “high” for external debt, while public debt is assessed as sustainable.\"},{\"question\":\"Why is external debt distress rated “high” under the baseline scenario?\",\"answer\":\"The rating reflects breaches that occur earlier than in the 2024 assessment, mainly linked to a downgrade of Haiti’s debt-carrying capacity from “medium” to “weak.”\"},{\"question\":\"What supports the sustainability assessment for public debt?\",\"answer\":\"Sustainability is underpinned by Venezuelan debt relief and gradual security improvement, together with reforms to boost revenue collection and improve spending efficiency.\"}]",1784489671,55,{"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":86,"head_meta":88,"extra_data":90,"updated_unix":27},"haiti-joint-world-bank-imf-debt-sustainability-analysis-external-debt-distress-risk-and-public-debt-sustainability","",{"@graph":35,"@context":85},[36,53,68],{"@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-external-debt-distress-risk-and-public-debt-sustainability/111336/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":40,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-20","2026-07-19",true,{"@type":65,"interactionType":66,"userInteractionCount":20},"InteractionCounter",{"@type":67},"ViewAction",{"@type":69,"mainEntity":70},"FAQPage",[71,77,81],{"name":72,"@type":73,"acceptedAnswer":74},"What 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