Haiti: Financial System Stability Assessment, including a Report on the Observance of Standards and Codes on Banking Supervision
IMF Staff Country Reports, March 27, 2008
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- Haiti: Financial System Stability Assessment, including a Report on the Observance of Standards and Codes on Banking Supervision
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Bibliographic details
- Published: March 27, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451817706.002
Executive findings
- 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.
Analytical observations
- Data adequacy: Financial sector data are judged generally adequate; however, gaps in the availability of some statistics have weakened the FSAP analysis.
- Stress testing: Results indicate resilience to multiple single-risk factor shocks; credit quality deterioration emerges as a key vulnerability for the banking system.
- Structural/legal framework: Absence of an explicit law governing payment systems is noted as a structural shortcoming.
Subjects and keywords (as reported)
- Subjects: Banking, Bonds, Credit, Credit bureaus, Financial institutions, Financial markets, Financial statements, Loans, Money, Public financial management (PFM)
- Keywords: accounting framework, bank, bank assets, Bonds, BRH, BRH bond, BRH power, BRH regulation, BRH resource, capital position, Caribbean, CR, Credit, Credit bureaus, Financial statements, interest rate, ISCR, Loans
Content in this bundle
- Executive Summary—Key Recommendations