A recent virtual mission conducted by the International Monetary Fund (IMF) from September 30 to October 8, 2025, has underscored the fragile economic conditions in Haiti. Led by Mr. Camilo E. Tovar, the mission assessed Haiti’s progress under its Staff-Monitored Program (SMP), an informal agreement designed to monitor economic reforms and pave the way for potential IMF financial assistance. The findings reveal a seventh consecutive year of economic contraction, with inflation soaring at 32 percent year-on-year. Despite these challenges, remittance inflows have surged, bolstering the current account balance and supporting international reserves, which stood at over US$3.1 billion as of July 2025. Fiscal policy remains constrained by security issues and institutional weaknesses, though social spending has increased by 34 percent, aided by IMF support. Public debt is projected to be the lowest in the Latin America and Caribbean region at 12.4 percent of GDP by the end of FY2025. However, risks persist, including gang-related disruptions and potential shifts in international migration and trade policies. On a positive note, the UN Security Council’s authorization of a new multinational Gang Suppression Force could mark a turning point in restoring security and fostering economic growth. The SMP continues to prioritize governance reforms, revenue mobilization, and strengthening the central bank’s policy frameworks. Despite progress, Haiti urgently requires international financial support, preferably in the form of grants, to address its humanitarian and developmental needs and ensure sustainable growth.