YouSaid · the spoken record

Delechat

lines on the record
8
first
2009-04-06
most recent
2009-04-06
sittings or episodes
1
sources
un-security-council

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  1. “The potential benefits of that approach were highlighted in a recent report by Professor Paul Collier. The report usefully suggests focusing interventions on a few key sectors, including the promotion of export- processing zones, to reap the benefits of preferential access to the United States market. As mentioned by the Secretary-General, there is hope for Haiti. Renewed international partnership along the lines of mutual accountability can help Haiti turn the corner.”

    2009-04-06 · UN Security Council · Security Council, S/PV.6101 (2009) · source

  2. “We think that 30 failure to adequately support the authorities' budget may prevent the implementation of investment projects essential to creating jobs, supporting growth and raising living standards. That could risk jeopardizing political and social stability. Haiti needs more effective and more reliable external assistance, primarily in the form of budget support. Looking ahead, important challenges remain to consolidating stabilization gains, promoting growth and reducing poverty in the midst of the global slowdown. Over the medium term, it will be important to reduce structural and institutional bottlenecks, raise domestic resources to support higher social and capital spending, develop the financial sector and create favourable conditions for private sector investment to boost exports, achieve sustainable growth and reduce poverty.”

    2009-04-06 · UN Security Council · Security Council, S/PV.6101 (2009) · source

  3. “The requested project support would be allocated to priorities within the Poverty Reduction Strategy and the post-hurricane reconstruction programme. However, to date little additional support has been identified, raising the risk that the April conference will not be successful. That, in turn, would further undermine the authorities' efforts and is in the context of an already declining overall budget support envelope for Haiti. The IMF is committed to helping Haiti present its case to the international community and will send a delegation to the conference led by the Deputy Managing Director. We urge the other donors to come forward at the Washington, D.C., conference and provide the much-needed financing.”

    2009-04-06 · UN Security Council · Security Council, S/PV.6101 (2009) · source

  4. “Annual debt service savings of $35 million to $40 million would free resources for poverty-reducing expenditures. Conditions to reach the completion point under the initiative include improvements in health, education, domestic revenue mobilization, debt management and governance. IMF and World Bank staff are closely monitoring progress in these areas and are prepared to move quickly with the provision of debt relief to Haiti once remaining reform measures are implemented. Given the immense needs even before the hurricanes, the authorities are seeking an additional $125 million in budget support and more than $700 million in project financing at the high-level donor conference to be held in mid-April. The new budget support would help close a $50 million budge gap and finance critical investment projects.”

    2009-04-06 · UN Security Council · Security Council, S/PV.6101 (2009) · source

  5. “The Fund has stepped up its efforts to help Haiti respond to the negative impact of the global crisis as well as last year's hurricanes. On 11 February, the Fund's Executive Board approved an increase of $37 million in IMF support, the second increase under the current PRGF arrangement; the first was in response to high food prices. Since 2006, Haiti has received a total of $136 million in PRGF disbursements. The increase from the Fund in February is roughly equal to the additional post-hurricane budget support pledged by donors, which we hope will be disbursed soon. Haiti is also on track to receive almost $1 billion in debt relief under the Heavily Indebted Poor Countries and Multilateral Debt Relief initiatives by the end of June.”

    2009-04-06 · UN Security Council · Security Council, S/PV.6101 (2009) · source

  6. “Efforts will have to be made to develop a broad political consensus around the Government's efforts to preserve macroeconomic stability and raise living standards for the poor. Secondly, the global crisis is starting to affect Haiti, mainly through trade and fiscal linkages. We anticipate that the effect on the external current account deficit of weaker export demand and lower remittances will be cushioned by lower food and fuel prices. Lower import prices have also helped bring down inflation, but they are creating a significant shortfall in customs revenue, estimated at about $50 million for fiscal year 2009 if no additional measures are taken. On the financial-sector side, for the time being, commercial banks appear to remain well capitalized and profitable, but the quality of loan portfolios should be monitored closely.”

    2009-04-06 · UN Security Council · Security Council, S/PV.6101 (2009) · source

  7. “In spite of the unprecedented shocks during 2008 - not only the hurricanes but also high food prices - the authorities were able to maintain macroeconomic stability and remain on track under the programme supported by the Poverty Reduction and Growth Facility (PRGF). However, this was not easy, and these hard-won gains remain very fragile. First, an increasingly tense political situation could complicate economic policy-making in the period ahead. Here, I agree with the analysis of Ambassador Annabi. In recent months, political tensions have slowed the passage of the budget and of economic governance measures needed to secure important debt relief. There is also a risk that the upcoming senate elections could complicate an already difficult relationship between the executive and legislative powers.”

    2009-04-06 · UN Security Council · Security Council, S/PV.6101 (2009) · source

  8. “Ms. Delechat: I am grateful for the Council's invitation and for the opportunity to give this briefing. Haiti's situation has improved significantly since 2004, as others have noted. But important challenges lie ahead. In the past five years, Haiti's has made great strides in macroeconomic management in partnership with the International Monetary Fund (IMF), but also thanks to strong donor support and improved security under the United Nations Stabilization Mission in Haiti (MINUSTAH). Real growth in gross domestic product turned positive again; inflation declined from 40 per cent to less than 5 per cent today; fiscal discipline was restored; and international reserves have increased.”

    2009-04-06 · UN Security Council · Security Council, S/PV.6101 (2009) · source