Regulatory Alerts2024-10-01
Circular 115-5 on the Renewal of Measures Concerning Moratoria in Favor of Debtor Enterprises of the Financial System
The Bank of the Republic of Haiti issued Circular 115-5 to extend loan moratoria for eligible borrowers from April 1 to September 30, 2024, due to ongoing socio-political instability. The regulation permits financial institutions to restructure affected loans with specific minimum provisioning rates and mandates the suspension of late fees during the moratorium period. Institutions are required to obtain non-objection for dividend distributions and submit quarterly electronic reports on moratoria and restructurings to the central bank by June 30 and September 30, 2024.
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