Fund staff visited Haiti in November 2019 and set down what a year of civil unrest had done to the economy. Output fell about 1.2 percent in the fiscal year ending that September, inflation passed 20 percent, the gourde lost a quarter of its value against the dollar, and public debt climbed from 40 to 47 percent of GDP as domestic arrears piled up. The report traces popular anger to corruption and inequality, including misuse of Petrocaribe funds, and traces the fiscal hole to revenue that fell 22 percent in real terms and to energy support that reached 6.5 percent of GDP. Its recommendations centre on capping central bank financing of the deficit, collecting more domestic revenue, shifting current spending toward social and capital needs, reforming electricity supply, and strengthening governance. Staff project growth below 1.5 percent over the medium term absent political settlement and reform. Annexes cover debt sustainability, the external position and capacity development.