Unrequited Transfers: Trends, Distribution, and Market Dynamics
Summary: This report analyzes trends, distribution, and dynamics of unrequited transfers to Haiti. It examines the impact of diaspora remittances on the Haitian economy and the role of regulatory frameworks in shaping the transfer market.
Key Findings
- Unrequited transfers represent approximately 20% of Haiti's GDP.
- Transfer inflows decreased by 3.8% in fiscal year 2022-2023 compared to the previous year.
- The Ouest department receives the largest share of transfers, accounting for 70.3% in 2021-2022.
- Regulatory changes have influenced the distribution of transfers between financial institutions and transfer houses.
- The Unibank and Sogebank receive the largest share of transfers paid into accounts.
Full Description
This study provides an overview of unrequited transfers to Haiti, which account for approximately 20% of the country's GDP. It analyzes the recent evolution of these transfers, their geographical distribution within Haiti, and the dynamics of the transfer market in light of regulatory changes. The report also examines the role of transfer houses and financial institutions in the distribution of remittances and the impact of these flows on the Haitian economy.
How to cite
Bank of the Republic of Haiti (BRH), 2024, Unrequited Transfers: Trends, Distribution, and Market Dynamics, https://www.brh.ht/wp-content/uploads/Transferts-sans-contreparties-tendance-distribution-et-dynamique-du-marche.pdf