Regulatory Alerts2026-02-16
Circular BRH/IMF/2026/1 on the Management of Credit Risk for Microfinance Institutions
The Bank of the Republic of Haiti issued Circular BRH/IMF/2026/1 to mandate strict credit risk management standards for Microfinance Institutions (MFIs) and microcredit enterprises operating in Haiti. The regulation establishes precise definitions, restricts lending exclusively to microcredit denominated in gourdes, and imposes concentration limits on credit portfolios, unrelated counterparties, and related parties. It further standardizes the classification of on-balance sheet claims and off-balance sheet commitments into five risk categories and mandates specific general and specific provisioning requirements for non-performing assets.
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