The BRH Incentive Programs, with Disbursements at July 31, 2019
- BRH disbursements under its incentive programs totaled HTG 13.2 billion at July 31, 2019.
- The programs cover housing, real estate development, free trade zones, export firms and agriculture.
- The agricultural credit program was introduced when agriculture contributed more than 20% of GDP but received about 1% of bank credit.
- BRH bills outstanding at September 4, 2019 totaled HTG 4.087 billion, of which savings and credit cooperatives held HTG 1.697 billion.
After the earthquake of January 12, 2010 the BRH set up a financing mechanism for reconstruction projects and then launched incentive programs under its pro-growth monetary agenda. The aims are to reduce the cost of credit in high-value productive sectors, revive economic activity, narrow the trade deficit and support price stability. Total disbursements by the BRH reached HTG 13.2 billion at July 31, 2019.
The sheet gives disbursements by bank and other approved financial institutions for the housing program, the real estate development program (PPDI), the free trade zone program under circular 106-1 (HTG 5.29 billion in bank disbursements), two export programs and the agricultural credit program defined by circular 113, with the BRH refinancing rate and the ceiling on the rate charged by institutions for each. It also reports the outstanding stock of BRH bills at September 4, 2019 (HTG 4.087 billion) and of BRH bonds at August 30, 2019, by bank, with the bonds paying 7 percent a year indexed on the future change of the gourde relative to the dollar.
How to cite
Bank of the Republic of Haiti (BRH), The BRH Incentive Programs, with Disbursements at July 31, 2019, https://www.brh.ht/wp-content/uploads/ProgrammeNEW-incitatif.pdf
- Rights holder
- Banque de la République d'Haïti (BRH)