(2008-09) Haiti public-sector external debt, monthly, October 2007-September 2008
Summary — A Ministry of Economy and Finance (MEF) table, sourced from BRH, tracking Haiti's public-sector external debt stock (including payment arrears) month by month from October 2007 to September 2008, broken down by bilateral and multilateral creditor. Total external debt rose from 1 564.2 million USD in October 2007 to 1 852.4 million USD in September 2008.
Key Findings
- Total public-sector external debt (including arrears) rose from 1 564.2 million USD in October 2007 to 1 852.4 million USD in September 2008.
- Multilateral creditors held the large majority of the debt stock, but their share fell from 84.9% (Oct-07) to 77.5% (Sep-08) of long-term debt.
- The Inter-American Development Bank (BID) was the single largest creditor, rising from 697.3 to 774.7 million USD over the period.
- Venezuela emerged as a new bilateral creditor from May 2008, reaching 134.9 million USD (7.3% of long-term debt) by September 2008.
- Payment arrears remained negligible throughout, at 0.0-0.1 million USD.
Full Description
This is a monthly public-sector external debt monitoring table produced by Haiti's Ministry of Economy and Finance (MEF), citing the Banque de la Republique d'Haiti (BRH) as source, covering October 2007 through September 2008 in aggregated form. It presents total external debt, split entirely between long-term debt (no short-term component recorded), and further disaggregated into bilateral creditors (United States, France, Spain, Italy, Taiwan/Chine Taipei, and, emerging from May 2008, the Bolivarian Republic of Venezuela) and multilateral creditors (IDA/World Bank, IFAD, IMF, IDB, OPEC Fund). A separate line tracks rescheduled debt (dette reamenagee) owed to the United States, France, Canada and Spain, and a small stock of payment arrears (0.1 million USD throughout most months, dipping to 0.0 in some months).
Over the period, total external debt grew from 1 564.2 million USD (October 2007) to 1 852.4 million USD (September 2008), a rise driven largely by new borrowing from the Inter-American Development Bank (BID, which grew from 697.3 to 774.7 million USD) and the appearance of Venezuela as a bilateral creditor (91.5 million USD by July 2008, reaching 134.9 million USD by September 2008), consistent with Haiti's entry into the PetroCaribe financing arrangement. Multilateral creditors accounted for the large majority of the debt stock throughout (77.5 percent of long-term debt by September 2008, down from 84.9 percent in October 2007), with bilateral creditors' relative share rising to 19.3 percent as Venezuelan financing scaled up.
Notes
Cover carries no explicit publication date; only the coverage period 'Oct 07-Sep 08' is given, so the (YYYY-MM) prefix uses the last month covered, 2008-09, per instructions for undated covers.