Circular 108 to banks: reserve-requirement exemption for agricultural and livestock credit
Summary: BRH circular under Article 83 of the 2012 banking law. Banks need not hold reserve requirements on gourde resources lent to agricultural and livestock enterprises for production: crops in promising value chains and export products, agro-processing, livestock and equipment. The loans remain subject to prudential circulars 87 and 83-4, and banks report quarterly on this credit. In force 15 June 2016.
Key Findings
- Gourde resources lent for agricultural and livestock production are exempt from reserve requirements.
- Eligible credit covers value-chain crops (rice, bananas, market gardening), export products (coffee, cocoa, mangoes), agro-processing, livestock and derived products, and equipment and farm infrastructure.
- The loans stay in banks' portfolios with all associated risks and must meet circulars 87 and 83-4.
- Banks file a quarterly report on credit to agricultural and livestock enterprises with their circular 83-4 compliance reports.
- Late reports draw the penalties of the circular on late transmission.
How to cite
Bank of the Republic of Haiti (BRH), 2016, Circular 108 to banks: reserve-requirement exemption for agricultural and livestock credit, https://brh.ht/wp-content/uploads/2018/08/credits_secteur_agricole-1.pdf
- Rights holder
- Banque de la République d'Haïti (BRH)