Haiti: Financial System Stability Assessment, including a Report on the Observance of Standards and Codes on Banking Supervision

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2008 Issue 112

Publication date: March 2008

ISBN: 9781451817706

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Topics covered in this book

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Banks and Banking , Finance , Money and Monetary Policy , ISCR , CR , BRH , bank , BRH bond , BRH regulation , interest rate , accounting framework , BRH power , BRH resource , bank assets , capital position , Credit , Financial statements , Credit bureaus , Loans , Bonds , Caribbean

Also of interest

Peru

Nepal

Grenada

Republic of Congo : 2001 Article IV

Summary

Haiti’s financial system plays a limited role in supporting economic growth. The Financial Sector Assessment Program (FSAP) team assessed that financial sector data are generally adequate, although the unavailability of some statistics has weakened the analysis. Stress tests suggest that the banking system is resilient to a range of single-risk factor shocks, but would be vulnerable to a deterioration in credit quality. The banking sector needs to play a more effective role in supporting growth. There is no explicit law governing payment systems.