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Important Meeting between Haiti Gov't, IMF and Development Partners, discussions about the future of Electricity in Haiti

A Haitian delegation led by the Minister of Economy and Finance and accompanied by the Minister of Planning and External Cooperation and the Governor of the Central Bank held discussions on October 12, 2017 with leaders of multilateral and bilateral institutions (development partners) involved in development efforts in Haiti.
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The meeting was convened by the International Monetary Fund (IMF) as a follow-up to conversations between Haiti president Jovenel Moise and the Managing Director of the IMF, in the margin of the recent United Nations General Assembly in New York..

The Government of Haiti and development partners agreed that economic and social stability are paramount to achieve sustainable growth and development objectives.

Among the topics discussed was reforms in the energy sector where large losses arising from the operations of the public electricity utility (EDH) have in recent years been responsible for approximately half of the public sector deficit.

These reforms include increased flexibility in supplier pricing, reduction of administrative costs, improvement of billing and collection rates, rehabilitation and expansion of the national grid, and transition to lower-cost and renewable energy sources.

Read more @ imf.org

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