Regulatory Alerts2026-05-12
Circular No. 115-3
The Central Bank of Haiti issued Circular No. 115-3 to mandate a loan moratorium until September 30, 2023, for credit institutions, microfinance entities, and savings cooperatives affected by the country's socio-political turmoil. The directive permits eligible borrowers to defer principal payments while requiring interest servicing, automatically extending loan terms by up to six months, and establishes specific restructuring pathways with reduced minimum provisioning rates of 5% to 50% depending on the institution type and client payment behavior. Financial institutions must obtain regulatory non-objection for dividend distributions, exempt beneficiaries from late fees, and submit quarterly electronic reports on moratorium and restructuring activities by June 30 and September 30, 2023.