Memorandum of Agreement between the MEF and the BRH on Treasury Management, October 2017 to September 2018

The protocol is signed by Minister Jude Alix Patrick Salomon for the MEF and Governor Jean Baden Dubois for the BRH, on the grounds that public spending must stay within available resources and that arrears must be avoided. The MEF commits to keeping available resources in line with the spending of the central administration. When resources fall short, the MEF asks the BRH for an advance, and at the end of each quarter the total of such advances must be consistent with the level of monetary financing in the financial program concluded with the International Monetary Fund.

The BRH provides the MEF each week with the estimated financing of the central administration and publishes daily on its web portal the operations affecting the Treasury's central account, as well as the receipts collected in the provinces by the Banque Nationale de Crédit. The MEF sends the BRH a weekly summary spending program. The parties meet monthly, set the amount of the state's floating debt to the BRH at fiscal year-end by agreement, and settle disputes amicably. The protocol runs for 12 months from October 2, 2017 to September 28, 2018.