Regulatory Alerts2024-10-01
Circular 115-6 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 115-6 to renew credit moratoria for eligible debtor enterprises from October 1, 2024, to September 30, 2025, replacing the previous Circular 115-5. The regulation mandates specific eligibility criteria for moratoriums, authorizes loan restructuring with defined minimum provisioning rates of 5% or 20%, and exempts beneficiaries from late fees during the moratorium period. Financial institutions are required to obtain prior non-objection from the central bank for dividend distributions and must submit quarterly electronic reports on moratorium beneficiaries by specified deadlines.
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