Haiti's Economic and Financial X-ray

In order to address the current economic and financial situation, a press conference was held by the Governor of the Central Bank, Ronald Gabriel, on September 18. During the event, he presented a particularly grim economic outlook.

As has been widely reported, insecurity continues to severely impact Haiti's economic and financial system. According to Governor Gabriel, “59 bank branches have been vandalized, looted, or set on fire,” rendering these institutions inoperative. This situation has significantly affected businesses and individuals alike. Despite the 117 moratoriums granted by the central bank to date, many loans remain unpaid. The governor revealed that “447 loans are currently in distress within the banking system, amounting to nearly 1

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