(2011-09) Haiti public external debt, October 2010-September 2011
Summary — Monthly table from Haiti's Ministry of Economy and Finance (data sourced from BRH) tracking the aggregate outstanding external debt of the public sector, including payment arrears, from October 2010 through September 2011. It breaks the stock down by bilateral and multilateral creditors and shows both levels in millions of US dollars and their percentage shares.
Key Findings
- Total public external debt (incl. arrears) rose from 391.4 M USD (Oct-2010) to 657.3 M USD (Sep-2011).
- Debt to Venezuela grew from 145.0 M USD (37.0% of total) to 481.9 M USD (70.3% of total) over the 12 months, the main driver of the increase.
- Bilateral creditors' share rose from 66.7% to 83.6% of total external debt while multilateral creditors' share fell from 21.6% to 15.6%.
- IMF (FMI) debt roughly doubled from 12.9 M USD to 26.2 M USD around April 2011.
- Debt to France and Spain (both bilateral and rescheduled) fell to zero after October/November 2010.
Full Description
This is a monthly statistical series produced by Haiti's Ministry of Economy and Finance (MEF), with underlying data sourced from the Banque de la Republique d'Haiti (BRH), presenting the aggregate outstanding external public-sector debt stock (including payment arrears) for each month from October 2010 through September 2011. Total external debt, which is entirely classified as long-term debt over this period, rose steadily from 391.4 million USD in October 2010 to 657.3 million USD in September 2011. The stock is disaggregated into bilateral creditors (Venezuela under the Bolivarian Republic, Chine Taipei, and small residual balances to France and Spain that fall to zero after October/November 2010) and multilateral creditors (FIDA, FMI, OPEC, with BIRD/IDA and BID both at zero), plus a separate 'dette reamenagee' (rescheduled debt) line and payment arrears.
The most striking dynamic is the rapid buildup of debt to Venezuela (PetroCaribe-related), which grew from 145.0 million USD (37.0% of total external debt) in October 2010 to 481.9 million USD (70.3% of total) by September 2011, becoming by far the dominant bilateral creditor and driving nearly all of the increase in Haiti's external debt stock over the period. Multilateral debt stayed comparatively flat (84.6 to 102.4 million USD), and its share of the total fell from 21.6% to 15.6% as Venezuelan bilateral debt expanded. IMF (FMI) debt roughly doubled mid-series, from 12.9 to 26.2 million USD around April 2011.
Notes
Cover page carries no explicit publication date; it is a monthly monitoring table covering Oct-2010 to Sep-2011 with data sourced from BRH, so the (YYYY-MM) prefix uses the last month of the covered period (2011-09) as a proxy for publication timing, not a stated release date.