Against a backdrop of five years of unrelenting domestic security instability, Haiti’s top central bank official has laid out the Caribbean nation’s current macroeconomic posture to global financial leaders at the spring constituency meetings of the International Monetary Fund and World Bank in Washington D.C.
Gabriel Ronald, Governor of the Bank of the Republic of Haiti (BRH), took the stage to deliver Haiti’s official position, starting by drawing attention to the surprising economic resilience the country has maintained amid ongoing turmoil. Contrary to widespread projections of total collapse, Ronald highlighted that key macroeconomic indicators have stabilized in recent periods: the national exchange rate has remained under controlled movement, and the country’s international reserves have hit a robust milestone, covering more than six months of total import needs.
Beyond updating delegates on Haiti’s domestic economic landscape, Ronald used the platform to push for deeper technical collaboration across the IMF-WB constituency. He pointed to two successful regional case studies to illustrate the value of cross-country experience sharing: Brazil’s widely adopted instant PIX digital payment system, which has dramatically expanded financial inclusion across Latin America, and French Guiana’s managed inclusive growth framework. These examples, he argued, demonstrate that collective knowledge sharing creates tangible benefits for all member states.
“Haiti, through its decades of adapting to systemic shocks, has valuable lessons to offer the global community, while our regional and international partners have proven models for expanding financial inclusion and navigating economic crises,” Ronald said, noting that regional integration and collective solidarity are non-negotiable foundations for long-term, sustainable economic stability.
In his separate address to World Bank stakeholders, Ronald struck a more cautious tone, acknowledging that Haiti’s recent economic gains remain fragile, especially its hard-won exchange rate stability and ongoing disinflation process. Compounding these domestic vulnerabilities, he added, are spillover effects from the ongoing conflict in the Middle East, which have disrupted global supply chains and driven up energy and commodity prices for import-dependent nations like Haiti.
Against this backdrop, Ronald called on the World Bank to step into a more active “shock-absorbing” role for fragile states, moving away from the long-criticized one-size-fits-all financing approach. Instead, he urged the institution to deliver rapid, flexible financing with terms specifically tailored to the unique challenges of conflict-affected low-income economies. To boost Haiti’s long-term resilience, he also called for targeted structural investment to support the country’s energy diversification efforts, which would cut its heavy dependence on volatile imported fossil fuels.
Turning to medium- and long-term economic development, Ronald stressed that sustained security improvements are an absolute prerequisite to unlocking private sector growth and building a thriving business climate in Haiti. He echoed his earlier call for expanded knowledge sharing, again highlighting Brazil’s PIX system and French Guiana’s growth framework as replicable success stories, and urged the World Bank to leverage its identity as a global “knowledge bank” to facilitate cross-constituency expertise sharing.
In closing, Ronald called for a far more agile and flexible approach from the World Bank, one that recognizes the dual reality facing many member states: deep structural vulnerabilities paired with ongoing dynamic economic and social transformation. He ended by reaffirming Haiti’s commitment to building a new model of partnership rooted in responsive listening and expanded South-South cooperation, the only framework, he argued, that can deliver lasting, shared prosperity across vulnerable developing nations.









