2026-02-22

Le Nouvelliste's inflation analysis raises the first major economic accountability question of the Fils-Aime era, targeting BRH management choices rather than political actors. Gourde stability at 131 HTG per USD may mask reserve depletion rather than reflect genuine macroeconomic improvement. The 31.9 percent inflation rate coexisting with a stable exchange rate is structurally anomalous and requires BRH clarification. Global food prices fell 2.1 percent between September 2025 and January 2026 but did not produce equivalent consumer relief in Haiti. The economic environment the National Pact does not address may be as destabilizing as the governance environment it attempts to structure.