(2007-07) Public sector external debt, October 2006-June 2007

MEF • 2007

Summary — A monthly table from Haiti's Ministry of Economy and Finance (data from BRH) tracking total public-sector external debt, including payment arrears, from October 2006 through June 2007. Total external debt rose from US$1,423.7 million to US$1,486.5 million over the period, broken down by bilateral and multilateral creditors, rescheduled debt, and arrears, in both dollar amounts and percentage shares.

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Key Findings

Total public-sector external debt rose from US$1,423.7 million (Oct-06) to US$1,486.5 million (Jun-07).
Multilateral creditors held 83.6% of the debt stock by Jun-07, versus 15.1% for bilateral creditors.
The Inter-American Development Bank (BID) was the single largest creditor at US$642.0 million (43.2% of total) by Jun-07.
Payment arrears fell from US$45.0 million (3.2% of total) in Oct-06 to near zero (US$0.1-0.2 million) from Dec-06 onward.

Full Description

This document is a monthly statistical series produced under the letterhead of Haiti's Ministry of Economy and Finance (MEF), sourced from the Banque de la Republique d'Haiti (BRH), presenting the stock of public-sector external debt in aggregated form, including payment arrears, for the nine months from October 2006 to June 2007, expressed in millions of US dollars. Total external debt increased steadily each month, from US$1,423.7 million in October 2006 to US$1,486.5 million in June 2007, with virtually all of the stock classified as long-term debt. The table disaggregates the debt by bilateral creditors (United States, France, Spain, Italy, Taiwan) and multilateral creditors (IDA/World Bank, IFAD, IMF, IDB, OPEC Fund), plus rescheduled debt and arrears, in both dollar values and as a percentage of total external debt. By June 2007, multilateral creditors held 83.6% of total external debt (US$1,243.1 million), led by the Inter-American Development Bank (BID) at 43.2% (US$642.0 million) and IDA/World Bank at 35.0% (US$520.3 million). Bilateral creditors accounted for 15.1% (US$223.9 million), with Italy and Spain the largest bilateral creditors. Payment arrears, which stood at US$45.0 million (3.2% of the total) in October 2006, fell to near zero (US$0.1-0.2 million, about 0.1%) from December 2006 onward, indicating a reconciliation or clearance of arrears during the period. The document notes the figures are provisional.

Topics

Geography

Time Coverage

2006-10 — 2007-06

Keywords

dette externe, external debt, arrieres de paiement, BID, BIRD/IDA, FMI, creanciers bilateraux, creanciers multilateraux, BRH, MEF

Entities

MEF, BRH, BID, BIRD, IDA, FIDA, FMI, OPEP, Etats-Unis, France, Espagne, Italie, Chine Taipei, Canada

Notes

Cover/table has no explicit publication date; publication month prefix inferred as the month after the last data point (Jun-07 data, so 2007-07). Document letterhead is MEF but the table cites BRH as the data source; organization field set to MEF as issuer. Table itself states figures are provisional ("caractere provisoire").