Haiti : NEWS: Haiti had the 2nd highest econ. growth rate in the western hemisphere

skuderjaymes

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Combined with payouts from an existing loan programme, the IMF said on
Wednesday it would transfer a total of $114 million to Haiti's government by
the end of this week, marking the largest handover of funds since the
magnitude-7 earthquake struck January 12.

IMF Managing Director Dominique Strauss-Kahn said the transfer would
provide Haiti with "urgently needed cash resources" that would allow it to
acquire emergency imports to help those who survived.

The IMF has been under fire along with other creditors for offering Haiti loans
instead of grants and refusing to cancel Haiti's debt. The IMF said Haiti
would not have to start paying back the loan for five and a half years.

Strauss-Kahn lamented that the earthquake had destroyed Haiti's economy
just as it was beginning to show signs of improvement. He noted that, at
nearly 3%, Haiti had the second-highest growth rate in the Western Hemisphere in 2009.

"Aside from the human tragedy, this disaster represents a major setback for
the Haitian economy, following several years of progress in maintaining
macroeconomic stability, resuming growth, and implementing essential
structural reforms," Strauss-Kahn said.

The January 12 earthquake killed at least 150,000 people and left much of
the impoverished Caribbean country in ruins.

more: http://timesofindia.indiatimes.com/...million-loan-to-Haiti/articleshow/5507615.cms
 
http://www.imf.org/external/np/sec/pr/2010/pr1017.htm
http://blog-imfdirect.imf.org/2010/01/22/“marshall-plan”-for-haiti/
http://www.imf.org/external/np/country/2010/012710.htm
http://www.imf.org/external/country/hti/index.htm


Would like to know the figures behind the statement about the 2nd highest growth rate in 2009. With no exporting and no manufacturing to speak of the economy is not that high. For the last so many years they have been surviving due to foreign aid. 3% of nothing is still nothing! when your making $200 a year, $6 don't go very far.

Like the Dominican Republic remeses are figured as part of the GDP. Remeses are the money sent back from family members living outside the country, so that those left behind have something to live on.
 
http://www.imf.org/external/np/sec/pr/2010/pr1017.htm
http://blog-imfdirect.imf.org/2010/01/22/“marshall-plan”-for-haiti/
http://www.imf.org/external/np/country/2010/012710.htm
http://www.imf.org/external/country/hti/index.htm


Would like to know the figures behind the statement about the 2nd highest growth rate in 2009. With no exporting and no manufacturing to speak of the economy is not that high. For the last so many years they have been surviving due to foreign aid. 3% of nothing is still nothing! when your making $200 a year, $6 don't go very far.

Like the Dominican Republic remeses are figured as part of the GDP. Remeses are the money sent back from family members living outside the country, so that those left behind have something to live on.

this is about relative growth.. and from what I can see, Haiti's economy has
grown and was projected to continue at a steady rate..

here are some numbers..

4353066483_d422e27c45_o.jpg


you can run your own queries here: http://www.imf.org/external/pubs/ft/weo/2009/02/weodata/index.aspx
 

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