Central Bank authorises loan repayment moratoria. Amid Haiti’s ongoing challenges, the Bank of the Republic of Haiti (BRH) has issued Circular 115-5, granting financial institutions authorisation to provide a moratorium from 1 April to 30 September 2024. Under the directive, eligible debtors, including businesses and individuals, can benefit by only paying interest on debts and credit. The moratorium temporarily shifts their credit status until its expiration, at which time normal monthly debt servicing resumes. The moratorium automatically extends the loan duration by up to six months and aims to alleviate financial strain and provide relief to those affected by Haiti’s situation.
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Source: The Caribbean Insight (April 2024)