Regulatory Alerts2018-09-28
Circular 113 on Incentives for Financing the Agricultural Sector
The Bank of the Republic of Haiti issued Circular 113 to establish a credit facilitation mechanism that provides refinancing advances to financial institutions for agricultural lending. The regulation defines eligible agricultural activities, sets maximum interest rates for banks, development finance companies, credit cooperatives, and leasing companies, and mandates minimum portfolio sizes for advances. Financial institutions must submit quarterly reports on approved and disbursed agricultural credits and face penalties for non-compliance or late reporting.
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