Annual Report 2019
Summary — The Banque de la République d'Haïti (BRH) presents its annual report for fiscal year 2019, highlighting economic activity, monetary policy, and financial stability. The report covers the global and domestic economic context, financial performance, and institutional developments.
Key Findings
- The Haitian economy contracted by 1.2% in 2019 due to socio-political instability.
- Inflation reached 19.7% in September 2019, driven by agricultural issues and currency depreciation.
- The BRH intervened in the foreign exchange market, selling $163.76 million USD.
- The banking system remained stable, with increased assets and profits.
- The government deficit was financed primarily through domestic sources.
Full Description
This annual report from the Banque de la République d'Haïti (BRH) for fiscal year 2019 provides an overview of the global and domestic economic environment, detailing the bank's monetary policy decisions and their impact. It analyzes the performance of the Haitian banking and financial system, the state of public finances, monetary aggregates, and external accounts. The report also covers activities related to fiduciary management and payment systems, along with institutional development projects undertaken by the BRH. Key areas of focus include managing inflation, stabilizing the exchange rate, and promoting financial inclusion amidst a challenging socio-political climate.