Jean Baden Dubois, interim governor of the BRH, told reporters that the institution had met with financial actors and was carrying out an assessment of the impact on different entities, from microenterprises to medium-sized companies, to obtain a proper response.
Meanwhile, Frantz Bernard Craan, president of the Chamber of Commerce and Industry of Haiti, confirmed that associations leaders received correspondence from the BRH to assess their damages, and are currently in the data collection process.
He revealed that they intend to discuss a package of measures, such as the restructuring of commercial bank loans, as well as extensions of payment terms, which will reduce the effects on company cash flows.
Craan also indicated that the Ministry of Economy and Finance could take measures to extend the terms normally set by the law for the payment of taxes and the removal of penalties for delay, provisions that were taken after the deadly 2010 earthquake, he noted.
Recently, financer Kesner Pharel warned that the closure of hotel institutions and the reduction of personnel, after two months of protests in Haiti, raises alarm about the collapse of the economy. While Pharel views the mobilizations which have involved almost all social and political groups as legitimate, he emphasizes that closing down is a 'suicide move,' which does not exempt the government from its responsibilities.
Haiti's Central Bank studies impact of crisis on companies
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Port-au-Prince, Nov 19 (Prensa Latina) The Bank of the Republic of Haiti (BRH) and the National Chamber of Commerce and Industry are currently studying the impact of the long-term socio-political crisis in the country on its companies. Since the current crisis broke out in mid-September, several companies have closed their doors or reduced staff, while other small and medium enterprises have suffered vandalism by protesters.


