(FY2018) Public sector external debt (payment basis), October 2017 - September 2018
Summary — Monthly table from Haiti's Ministry of Economy and Finance (MEF), sourced from BRH, tracking public sector external debt including payment arrears from October 2017 through September 2018. Total external debt rose from 2,122.0 million USD in October 2017 to 2,121.9 million USD in September 2018, almost entirely long-term and bilateral, dominated by debt to Venezuela (PetroCaribe).
Key Findings
- Total public sector external debt: 2,122.0 M USD (Oct-2017) to 2,121.9 M USD (Sep-2018), peaking at 2,228.8 M USD in Feb-2018.
- Debt to Venezuela (PetroCaribe) was the dominant component, rising from 1,837.7 M USD (Oct-2017) to 1,852.3 M USD (Sep-2018), about 86% of total debt.
- Payment arrears more than doubled, from 85.8 M USD (4.0% of total) in Oct-2017 to 169.7 M USD (8.0% of total) in Sep-2018.
- Bilateral creditors held roughly 90% of the debt throughout the period, versus about 9-10% for multilateral creditors (led by IMF and IFAD).
Full Description
This is a monthly statistical table produced by Haiti's Ministry of Economy and Finance (MEF), with data sourced from the Banque de la Republique d'Haiti (BRH), presenting the outstanding external debt of Haiti's public sector on an aggregated payment basis (including payment arrears) for each month from October 2017 to September 2018, expressed in millions of US dollars. The table breaks debt down into long-term debt versus arrears, and by creditor category (bilateral vs. multilateral), further detailing individual bilateral creditors (United States, France, Spain, Italy, Taiwan/Chine Taipei, and the Bolivarian Republic of Venezuela) and multilateral creditors (IDA/World Bank, IFAD/FIDA, IMF/FMI, IDB/BID, OPEC Fund).
Total external debt was broadly stable across the period, moving from 2,122.0 million USD in October 2017 to a peak of 2,228.8 million USD in February 2018 before settling at 2,121.9 million USD in September 2018. Long-term debt accounted for essentially all outstanding debt, rising in share from 86.6% in October 2017 to 87.3% by September 2018 as arrears (rescheduled/restructured debt in default) grew from 85.8 million USD (4.0% of total) to 169.7 million USD (8.0% of total) over the same period. Bilateral creditors held the large majority of the debt (89.7% in October 2017, rising to 90.2% by September 2018), overwhelmingly owed to the Bolivarian Republic of Venezuela under PetroCaribe-related financing (85.3% of total debt in October 2017, 86.0% by September 2018, reaching 1,852.3 million USD), with much smaller balances owed to Taiwan (Chine Taipei). Multilateral creditors represented a stable 9-10% of the total, led by the IMF (FMI) and IFAD (FIDA).
Full Document Text
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MINISTERE DE L'ÉCONOMIE ET DES FINANCES
Oct-17Nov-17Dec-17Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18Aug-18 Sep-18
En Millions de $ US
DETTE EXTERNE TOTALE 2122.02131.42141.52153.8 2228.8 2168.72178.3 2185.4 2193.9 2201.0 2209.3 2121.9
DETTE A LONG TERME 2122.02131.42141.52153.8 2228.8 2168.72178.3 2185.4 2193.9 2201.0 2209.3 2121.9
% Ven % Dette Totale86.6% 86.6% 86.7% 86.7% 84.2% 87.0% 87.1% 87.2% 87.4% 87.5% 87.6% 87.3%
CREANCIERS BILATERAUX 1903.01911.81921.91932.0 2008.2 1952.01962.0 1972.0 1981.9 1989.9 1999.8 1915.0
DONT ETATS-UNIS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
FRANCE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
ESPAGNE 0.0 0.0 0.0 0.0 66.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
ITALIE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
CHINE TAIPEI 65.3 65.3 65.3 65.3 65.3 65.3 65.3 65.3 65.3 63.4 63.4 62.7
REPUBLIQUE BOLIVARIENNE DU VENEZUELA1810.91819.61829.81839.9 1850.0 1859.91869.9 1879.9 1889.8 1899.7 1909.6 1825.5
BANDES 26.8 26.8 26.8 26.8 26.8 26.8 26.8 26.8 26.8 26.8 26.8 26.8
VENEZUELA 1837.71846.51856.61866.71876.8 1886.7 1896.7 1906.7 1916.6 1926.5 1936.4 1852.3
CREANCIERS MULTILATERAUX 202.7 204.0 204.0 206.9 205.7 203.7 203.2 200.4 199.0 198.1 196.5 193.9
BIRD/IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
FIDA 54.9 55.3 54.4 55.6 55.2 55.4 54.8 54.0 52.5 52.4 52.2 52.0
FMI 102.2 101.9 102.5 104.1 102.2 100.6 99.5 96.9 96.2 95.4 94.0 91.6
BID 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
OPEC 45.5 46.9 47.0 47.0 48.3 47.6 48.8 49.5 50.3 50.3 50.3 50.3
DETTE REAMENAGEE 16.3 15.6 15.6 14.9 14.9 13.0 13.0 13.0 13.0 13.0 13.0 13.0
DONT ETATS-UNIS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
FRANCE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
CANADA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
ESPAGNE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
CHINE TAIPEI 16.3 15.6 15.6 14.9 14.9 13.0 13.0 13.0 13.0 13.0 13.0 13.0
ARRIERES 85.8 92.2 101.6 108.0 115.6 124.0 129.1 137.9 149.0 152.9 162.7 169.7
EN POURCENTAGE DE LA DETTE EXTERNE TOTALE
DETTE EXTERNE TOTALE 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
DETTE A LONG TERME 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
CREANCIERS BILATERAUX 89.7 89.7 89.7 89.7 90.1 90.0 90.1 90.2 90.3 90.4 90.5 90.2
DONT ETATS-UNIS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
FRANCE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
ESPAGNE 0.0 0.0 0.0 0.0 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
ITALIE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
CHINE TAIPEI 3.1 3.1 3.0 3.0 2.9 3.0 3.0 3.0 3.0 2.9 2.9 3.0
REPUBLIQUE BOLIVARIENNE DU VENEZUELA85.3 85.4 85.4 85.4 83.0 85.8 85.8 86.0 86.1 86.3 86.4 86.0
BANDES 1.3 1.3 1.3 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.3
CREANCIERS MULTILATERAUX 9.6 9.6 9.5 9.6 9.2 9.4 9.3 9.2 9.1 9.0 8.9 9.1
BIRD/IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
FIDA 2.6 2.6 2.5 2.6 2.5 2.6 2.5 2.5 2.4 2.4 2.4 2.5
FMI 4.8 4.8 4.8 4.8 4.6 4.6 4.6 4.4 4.4 4.3 4.3 4.3
BID 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
OPEC 2.1 2.2 2.2 2.2 2.2 2.2 2.2 2.3 2.3 2.3 2.3 2.4
DETTE REAMENAGEE 0.8 0.7 0.7 0.7 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.6
ARRIERES 4.0 4.3 4.7 5.0 5.2 5.7 5.9 6.3 6.8 6.9 7.4 8.0
SOURCE: BRH
DETTE EXTERNE DU SERVICE PUBLIC
(Y COMPRIS LES ARRIERES DE PAIEMENT)
SOUS FORME AGREGEE
OCT 17 - SEPT 18