IGF Mission Summary (July 2016): Mission d'évaluation du portefeuille de crédit de la BPH résultant du programme de microcrédit aux commerçants du
Summary: The Inspection Générale des Finances' published summary of its mission on mission d'évaluation du portefeuille de crédit de la BPH résultant du programme de microcrédit aux commerçants du. The IGF's summaries give the mission's subject, its findings and its recommendations; the full report is not published. The document carries no publication date at its head. July 2016 is the only month-year in the text that is not earlier than everything the document cites: a report cannot predate the facts and texts it refers to. The date is inferred, not read off a cover.
Key Findings
- The mission was requested by the Minister of Economy and Finance on 19 March 2015 and evaluated BPH credit-portfolio management under the Tabarre market microcredit program.
- The initial credit portfolio was 45,297,500 gourdes and was backed by a public guarantee fund of 40,000,000 gourdes.
- IGF found that BPH credit-granting procedures were not rigorously followed, with weak information collection and no field visits to corroborate traders' information.
- At 31 March 2015, the portfolio had more than 7,174,411 gourdes outstanding at critical non-recovery risk, with 100% of credit outstanding in arrears.
- The report found high risk of non-recovery for about 31% of public funds committed through the guarantee fund.
- IGF cited a 15-month delay after the fire, only 22.34% of concerned traders applying, BPH's progressive withdrawal from payment follow-up, and MCI's decision to stop authorizing guarantee-fund withdrawals.
How to cite
General Inspectorate of Finance (IGF), IGF Mission Summary (July 2016): Mission d'évaluation du portefeuille de crédit de la BPH résultant du programme de microcrédit aux commerçants du, https://igf.gouv.ht/