(2009-10) External Public Debt, October 2008-September 2009

MEF • 2009

Summary — Monthly table from the Ministry of Economy and Finance (source: BRH) presenting Haiti's total public external debt, in aggregate form including payment arrears, for each month from October 2008 through September 2009. The stock is broken down by bilateral and multilateral creditors and shows a sharp drop from 2,016.8 million USD in June 2009 to 1,184.2 million USD in July 2009, consistent with HIPC debt relief.

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Key Findings

Total public external debt rose from 1,856.0 million USD (Oct-08) to a peak of 2,016.8 million USD (Jun-09).
Debt stock fell sharply to 1,184.2 million USD in Jul-09 and stood at 1,196.0 million USD by Sep-09, consistent with HIPC completion-point relief.
Multilateral creditors held the largest share, around 74-76% of the total through Jun-09, dominated by IDB (about 41%) and IBRD/IDA (about 25-27%) before the July 2009 drop.
Bilateral share rose to about 38-39% after July 2009, with Venezuela becoming the largest single bilateral creditor (244.9 million USD by Sep-09).

Full Description

This BRH-sourced statistical table, issued by the Ministry of Economy and Finance, tracks Haiti's aggregate public external debt (including payment arrears) on a monthly basis from October 2008 to September 2009. It presents both levels (in millions of USD) and percentage shares of total external debt, broken out by bilateral creditors (United States, France, Spain, Italy, Taiwan/Chinese Taipei, Venezuela, European Economic Community) and multilateral creditors (IBRD/IDA, IFAD, IMF, IDB, OPEC Fund), plus a separate 'rescheduled debt' (dette réaménagée) line and arrears. Total external debt rose steadily from 1,856.0 million USD in October 2008 to a peak of 2,016.8 million USD in June 2009, then fell sharply to 1,184.2 million USD in July 2009 and stood at 1,196.0 million USD by September 2009. The drop is driven mainly by a large reduction in IBRD/IDA and IDB exposure between June and July 2009, consistent with the debt relief Haiti received upon reaching the HIPC Initiative completion point in June 2009.

Topics

Geography

Time Coverage

2008-10 — 2009-09

Keywords

dette externe, external debt, sektè piblik, PPTE, HIPC, BRH, creanciers bilateraux, creanciers multilateraux, arrieres de paiement, IBRD, IDA, BID

Entities

MEF, BRH, BIRD, IDA, FIDA, FMI, BID, OPEC, Venezuela, France, Espagne, Italie, Chine Taipei, Etats-Unis, Communaute Europeenne Economique

Notes

Cover page is undated (no explicit publication month printed); publication month inferred as the month following the last data point (Sep-09), i.e. 2009-10. The sharp drop in total debt between Jun-09 and Jul-09 (2,016.8 to 1,184.2 million USD) is a genuine feature of the source table, not a transcription error; it aligns with Haiti's HIPC Initiative completion point reached in June 2009, though the document itself does not narrate this event.