Executive Board
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Article IV Staff Reports



Projected % Change
   2014  2015
Real GDP 3.0 3.1
Consumer Prices 5.5 6.5
Source: World Economic Outlook (April 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Honduras: Financial Position in the Fund

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Honduras and the IMF
Updated June 13, 2014

The last Article IV Executive Board Consultation was on June 09, 2014. Listed below are items related to Honduras, in reverse chronological order (you can also view items by category).

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June 13, 2014 -- Press Release: IMF Executive Board Concludes 2014 Article IV Consultation with Honduras
April 08, 2014 -- Press Release: Statement at the Conclusion of the 2014 Article IV Mission to Honduras
November 21, 2013 -- Transcript of a Press Briefing by Gerry Rice, Director of the Communications Department, International Monetary Fund
October 12, 2013 -- IMFC Statement by Luis de Guindos, Minister of Finance and Competitiveness of Spain
On behalf of: Colombia, Costa Rica, Spain, Guatemala, Honduras, Mexico, El Salvador, República Bolivariana de Venezuela. PDF File Size: 218Kb
August 30, 2013 -- Press Release: IMF Concludes Staff Visit to Honduras
April 19, 2013 -- Transcript of a IMF Western Hemisphere Department Press Briefing
February 15, 2013 -- Honduras: IMF Executive Board Concludes 2012 Article IV Consultation
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
December 11, 2012 -- Press Release: Statement by the IMF Article IV Mission to Honduras
October 13, 2012 -- IMFC Statement by Luis de Guindos, Governor for Spain
On behalf of: Costa Rica, Spain, Guatemala, Honduras, Mexico, Nicaragua, El Salvador, República Bolivariana de Venezuela. PDF File Size: 428Kb
September 07, 2012 -- Press Release: IMF Concludes Staff Visit to Honduras
February 09, 2012 -- Press Release: Statement by an IMF Mission at the Conclusion of its Visit to Honduras
September 16, 2011 -- Press Release: Statement by an IMF Mission to Honduras
July 29, 2011 -- Press Release: IMF Completes Second Review Under Stand-By Arrangement and Standby Credit Facility for Honduras
June 01, 2011 -- International Reserve Adequacy in Central America
Author/Editor: Magnusson Bernard, Kristin
Series: Working Paper No. 11/144
May 31, 2011 -- Statement at the Conclusion of the IMF Mission to Honduras
May 13, 2011 -- Press Release: IMF Team to Conduct Second Review of Honduras’ Program
May 10, 2011 -- Honduras: First Review Under the Stand-By Arrangement and Under the Standby Credit Facility-Staff Report; Staff Statement; Press Release; and Statement by the Executive Director for Honduras.
Series: Country Report No. 11/101
April 27, 2011 -- Press Release: IMF Executive Board Completes First Review of Honduras' Economic Program
April 12, 2011 -- Honduras -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, April 12, 2011
Also available in Spanish PDF File Size: 448Kb
March 11, 2011 -- Press Release: Statement at the Conclusion of the IMF Mission to Honduras
February 25, 2011 -- Press Release: IMF Team to Conduct First Review Under the Program with Honduras
December 03, 2010 -- Press Release: IMF Staff Statement at the Conclusion of a Visit to Honduras
November 24, 2010 -- Press Release: IMF Mission to Assess Outlook for the Honduran Economy
October 22, 2010 -- Honduras: Request for a Stand-By Arrangement and an Arrangement Under the Standby Credit Facility-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Honduras
Series: Country Report No. 10/322
October 01, 2010 -- Press Release: IMF Executive Board Approves US$202 Million in Financial Support for Honduras
October 01, 2010 -- IMF Survey: IMF Approves $202 Million Loan for Honduras
The IMF’s Executive Board has approved a $202 million loan for Honduras to restore economic stability, strengthen public finances, rebuild investor confidence, and support economic recovery, the institution announced on October 1.
September 13, 2010 -- Press Release: IMF Mission Reaches Agreement in Principle on a Stand-by Agreement for US$196 Million with Honduras
September 10, 2010 -- Honduras -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, September 10, 2010
Also available in Spanish PDF File Size: 542Kb
August 11, 2010 -- Press Release: IMF and Honduras Hold Discussions over the Government's Economic Program
July 16, 2010 -- Public Information Notice: IMF Executive Board Concludes 2010 Article IV Consultation with Honduras
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
May 28, 2010 -- Press Release: Statement at the Conclusion of an Article IV IMF mission to Honduras
March 25, 2010 -- Press Release: IMF Staff Statement at the Conclusion of a Visit to Honduras
March 11, 2010 -- Press Release: IMF Team to Visit Honduras
September 10, 2009 -- Transcript of a Press Briefing by Mr. David Hawley, Senior Advisor, External Relations Department, IMF
March 06, 2009 -- Press Release: IMF Article IV Consultation Mission Visits Honduras
October 10, 2008 -- Transcript of a Press Conference on Recent Developments in Latin America by Anoop Singh, Director of the IMF Western Hemisphere Department
August 19, 2008 -- Press Release: IMF Staff Team Visits Honduras
July 23, 2008 -- Honduras: Request for Stand-By Arrangement-Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Honduras
Series: Country Report No. 08/241
Notes: Full text also available in Spanish.
July 01, 2008 -- The Distributional Impact of Fiscal Policy in Honduras
Author/Editor: Gillingham, Robert | Newhouse, David Locke | Yackovlev, Irene
Series: Working Paper No. 08/168
May 23, 2008 -- Press Release: Statement on IMF Staff Visit to Honduras
May 13, 2008 -- Press Release: IMF Mission to Visit Honduras
April 08, 2008 -- Press Release: IMF Executive Board Approves an Stand-By Arrangement for Honduras
March 24, 2008 -- Honduras -- Authorities' Letter, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, March 24, 2008
PDF File Size: 184Kb
February 08, 2008 -- Press Release: IMF and Honduras Reach Basic Agreement on Key Points of New Economic Program
February 01, 2008 -- Central America's Regional Trends and U.S. Cycles
Author/Editor: Roache, Shaun K.
Series: Working Paper No. 08/50
December 01, 2007 -- Equity and Private Debt Markets in Central America, Panama, and the Dominican Republic
Author/Editor: Shah, Hemant | Carvajal, Ana | Bannister, Geoffrey J. | Chan-Lau, Jorge A. | Guerra, Ivan
Series: Working Paper No. 07/288
October 12, 2007 -- Press Release: IMF Mission Examines the Draft 2008 Fiscal Budget for Honduras
September 24, 2007 -- Press Release: Statement on Upcoming IMF Missions to Honduras
June 25, 2007 -- Press Release: Statement by an IMF Technical Assistance Mission to Honduras
June 01, 2007 -- Public Debt Markets in Central America, Panama, and the Dominican Republic
Author/Editor: Shah, Hemant | Jobst, Andreas | Valderrama, Laura | Guerra, Ivan
Series: Working Paper No. 07/147
April 26, 2007 -- Press Release: Statement by IMF Staff Visit to Honduras
March 30, 2007 -- Press Release: Statement by IMF Technical Assistance Mission to Honduras
March 08, 2007 -- Public Information Notice: IMF Executive Board Concludes 2006 Article IV Consultation with Honduras
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
December 14, 2006 -- Honduras: Debt Sustainability Analysis 2006
Series: Country Report No. 06/442
November 22, 2006 -- Press Release: Statement by the IMF Article IV Mission to Honduras
November 08, 2006 -- Press Release: Statement on IMF Article IV Mission to Honduras
October 18, 2006 -- Press Release: Statement by an IMF Technical Assistance Mission to Honduras
September 08, 2006 -- Press Release: Statement by an IMF Technical Assistance Mission to Honduras
September 01, 2006 -- Press Release: Statement by IMF Technical Assistance Mission to Honduras
May 15, 2006 -- Press Release: Statement by IMF Staff Mission to Honduras
March 01, 2006 -- Honduras has A New Historic Opportunity, A Commentary by Rodrigo de Rato, Managing Director, IMF
February 28, 2006 -- Press Release: IMF Managing Director Rodrigo de Rato's Statement During his Visit to Honduras
February 23, 2006 -- Press Release: IMF Managing Director Rodrigo de Rato to visit Honduras on February 27, 2006
February 10, 2006 -- Honduras: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries - Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Honduras
Series: Country Report No. 06/48
February 02, 2006 -- Honduras: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria, and Financing Assurances Review - Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Honduras
Series: Country Report No. 06/34
February 02, 2006 -- Honduras: 2005 Article IV Consultation, Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Requests for Modification and Waiver of Performance Criteria, and Financing Assurances Review; and Enhanced Initiative for Heavily Indebted Poor Countries - Completion Point Document - Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Honduras
Series: Country Report No. 06/35
January 31, 2006 -- Honduras: Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility; Request for Waiver and Modification of Performance Criteria; and Financing Assurances Review - Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Honduras
Series: Country Report No. 06/31
December 23, 2005 -- Press Release: IMF to Extend 100 Percent Debt Relief to Honduras Under the Multilateral Debt Relief Initiative
December 21, 2005 -- Press Release: IMF to Extend 100 Percent Debt Relief for 19 Countries Under the Multilateral Debt Relief Initiative
December 16, 2005 -- Press Release: IMF Executive Board Completes Third Program and Financing Assurances Reviews under Honduras' PRGF Arrangement
October 31, 2005 -- Honduras: Statistical Annex
Series: Country Report No. 05/385
October 31, 2005 -- Honduras: Enhanced Initiative for Heavily Indebted Poor Countries Completion Point Document
Series: Country Report No. 05/386
October 31, 2005 -- Honduras: Joint Staff Advisory Note on the Poverty Reduction Strategy Paper Second Annual Progress Report
Series: Country Report No. 05/387
October 03, 2005 -- Press Release: Honduras Formally Begins Participation in the IMF's General Data Dissemination System
September 02, 2005 -- Press Release: Statement by an IMF Staff Mission to Honduras
July 29, 2005 -- Honduras: Report on Observance of Standards and Codes - Fiscal Transparency Module - Update
Series: Country Report No. 05/256
July 08, 2005 -- Honduras: Report on the Observance of Standards and Codes-Data Module, Response by the Authorities, and Detailed Assessments Using the Data Quality Assessment Framework
Series: Country Report No. 05/230
April 25, 2005 -- IMF Survey:
Spring Meetings wrap-up; IMFC communiqué; IMF strategic review; World Economic Outlook; Oil; Low-income countries; Global Monitoring Report; African outlook; Brazil; Honduras; World Development Indicators. PDF File Size: 807Kb
April 13, 2005 -- Public Information Notice: IMF Concludes 2005 Article IV Consultation with Honduras
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
April 05, 2005 -- Press Release: IMF and World Bank Support US$1 Billion in Debt Service Relief for Honduras
March 29, 2005 -- Press Release: IMF Executive Board Completes the Second Program Review and Financing Assurances Review Under Honduras' PRGF Arrangement
March 08, 2005 -- Honduras: Poverty Reduction Strategy Paper Progress Report
Series: Country Report No. 05/82
February 07, 2005 -- Press Release: Statement by IMF Staff Mission to Honduras
January 13, 2005 -- Honduras: Joint Staff Assessment of the Poverty Reduction Strategy Paper Progress Report
Series: Country Report No. 05/12
November 23, 2004 -- Press Release: Statement by IMF Staff Mission to Honduras
September 24, 2004 -- Press Release: IMF Completes First Program Review and Financing Assurances Review Under Honduras' PRGF Arrangement
August 27, 2004 -- Press Release: Statement by an IMF Staff Mission in Honduras
July 16, 2004 -- Press Release: Statement by the IMF Staff Mission to Honduras
July 09, 2004 -- Press Release: Statement by IMF Managing Director Rodrigo de Rato on the Occasion of his Visit to Honduras
July 09, 2004 -- Remarks by Mr. Rodrigo de Rato, Managing Director of the International Monetary Fund
Third Regional Conference On Central America, San Pedro Sula, Honduras
July 08, 2004 -- Opening Remarks by Mr. Agustín Carstens, Deputy Managing Director, IMF, given at the Third Regional Conference on Central America, San Pedro Sula
June 01, 2004 -- Press Release: Statement of the IMF Mission in Honduras
February 18, 2004 -- Press Release: IMF Approves In Principle Three-Year US$107.6 Million Poverty Reduction and Growth Facility Arrangement for Honduras and Grants Additional Interim Assistance Under the Enhanced HIPC Initiative
February 05, 2004 -- Honduras: Poverty Reduction Strategy Paper Progress Report
Series: Country Report No. 04/30
February 02, 2004 -- Honduras -- Letter of Intent, Memorandum of Economic Policies, and Technical Memorandum of Understanding, February 2, 2004
This Letter of Intent of the government of Honduras describes the policies that Honduras intends to implement in the context of its request for financial support from the IMF.
February 02, 2004 -- Honduras' New Three Year Economic Program -- Remarks by Anoop Singh, Director, Western Hemisphere Department, IMF
Tegucigalpa, Honduras
November 26, 2003 -- Press Release: Statement of the IMF Mission to Honduras
October 01, 2003 -- Financial Integration in Central America: Prospects and Adjustment Needs
Author/Editor: Canales Kriljenko, Jorge Iván | Khandelwal, Padamja | Lehmann, Alexander
Series: Policy Discussion Paper No. 03/3
March 01, 2003 -- Determinants of the Choice of Exchange Rate Regimes in Six Central American Countries: An Empirical Analysis
Author/Editor: Papaioannou, Michael G.
Series: Working Paper No. 03/59
December 05, 2002 -- Press Briefing by Thomas C. Dawson, Director, External Relations Department, IMF
As you know, Managing Director Horst Köhler will be departing this evening for Brasilia for meetings with the current and future leadership of the nation.
December 01, 2002 -- Central American Tax Reform: Trends and Possibilities
Author/Editor: Stotsky, Janet Gale | WoldeMariam, Asegedech
Series: Working Paper No. 02/227
November 01, 2002 -- Expenditure Issues and Governance in Central America
Author/Editor: Corbacho, Ana | Davoodi, Hamid Reza
Series: Working Paper No. 02/187
April 20, 2002 -- Statement by Mr. Rodrigo de Rato, Second Vicepresident and Minister of Economy of Spain to the IMFC, Washington, D. C., April, 2002
The International Monetary and Financial Committee statement on behalf of the constituency comprising Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Spain, Venezuela
February 06, 2002 -- Honduras: Report on the Observance of Standards and Codes--Fiscal Transparency Module
Series: Country Report No. 02/16
February 06, 2002 -- Honduras: Report on the Observance of Standards and Codes--Fiscal Transparency Module
Series: Country Report No. 02/16
November 17, 2001 -- Statement by Mr. Francisco Gil Díaz, Minister of Finance and Public Credit of Mexico, to the International Monetary and Financial Committee, Washington, D. C., November 17, 2001
The International Monetary and Financial Committee statement on behalf of the constituency comprising Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Spain, Venezuela
October 26, 2001 -- Public Information Notice: IMF Concludes 2001 Article IV Consultation with Honduras
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
October 05, 2001 -- News Brief: IMF Completes in Principle Honduras Third Review Under PRGF
September 20, 2001 -- Honduras Letter of Intent, Memorandum of Economic Policies, and Technical Memorandum of Understanding, September 20, 2001
This Letter of Intent of the government of Honduras describes the policies that Honduras intends to implement in the context of its request for financial support from the IMF.
September 17, 2001 -- Poverty Reduction Strategy Paper Joint Staff Assessment
Evaluates the strengths and weaknesses of a country's poverty reduction objectives and strategies, and in it the staffs of the IMF and World Bank make recommendations about whether the PRSP or IPRSP provides a sound basis for concessional assistance from the Bank and Fund, as well as for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) Debt Initiative. PDF File Size: 708Kb
August 31, 2001 -- Honduras-Poverty Reduction Strategy Paper--Table of Contents, August 2001
Describes countries' macroeconomic, structural, and social policies to foster growth and reduce poverty in three-year economic adjustment programs supported by PRGF resources, as well as associated external financing needs and major financing sources.
July 26, 2000 -- Transcript of a Press Briefing by Thomas Dawson, Director, IMF External Relations Department and Masood Ahmed, Deputy Director, Policy Development and Review Department
With me this morning is Masood Ahmed, the Deputy Director of the Policy Development and Review Department, whose particular focus is on debt issues, HIPC, PRGF and so on.
July 10, 2000 -- Press Release: IMF and World Bank Support Debt Relief for Honduras
June 20, 2000 -- HIPC Decision Point Document for the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative
Makes recommendations for decisions by the Executive Boards of the IMF and World Bank regarding: eligibility, timing of decision point under the Initiative, assistance required to reach the sustainability targets, and the agreed policy measures which when implemented would trigger the completion point. PDF File Size: 690Kb
June 07, 2000 -- News Brief: IMF Completes Second Honduras Review and Approves US$21 Million Loan
May 31, 2000 -- Honduras Supplementary Letter of Intent, May 31, 2000
This Supplementary Letter of Intent of the government of Honduras describes the policies that Honduras intends to implement in the context of its request for financial support from the IMF.
May 25, 2000 -- Transcript of a Press Briefing by IMF Managing Director Horst Köhler
I thought I should meet with you, not in a very prepared manner or with a statement, but really reporting a bit out from the workshop of the IMF. The IMF has a lot of construction sites, and I am meeting you within this process. So for three weeks now I have been in the Fund.
May 11, 2000 -- News Brief: IMF Managing Director Horst Köhler to Visit Argentina, Brazil, Honduras and Mexico
April 13, 2000 -- Assessment of the Interim Poverty Reduction Strategy Paper
Evaluates the strengths and weaknesses of a country's poverty reduction objectives and strategies, and in it the staffs of the IMF and World Bank make recommendations about whether the PRSP or IPRSP provides a sound basis for concessional assistance from the Bank and Fund, as well as for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) Debt Initiative. PDF File Size: 219Kb
April 13, 2000 -- Honduras Letter of Intent and Memorandum of Economic Policies, April 13, 2000
This Letter of Intent of the government of Honduras describes the policies that Honduras intends to implement in the context of its request for financial support from the IMF.
April 13, 2000 -- Interim Poverty Reduction Strategy Paper -- Honduras -- Table of Contents
Summarizes the current knowledge and analysis of a country's poverty situation, describes the existing poverty reduction strategy, and lays out the process for producing a fully developed PRSP in a participatory fashion.
January 31, 2000 -- Honduras: Statistical Annex
Series: IMF Staff Country Report No. 00/05
December 21, 1999 -- Public Information Notice: IMF Concludes Article IV Consultation with Honduras
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
December 08, 1999 -- News Brief: IMF Completes PRGF Review for Honduras and Approves US$22.5 Million Disbursement
November 23, 1999 -- HIPC Preliminary Document on the Initiative for the Heavily Indebted Poor Countries (HIPC Initiative)
Provides a preliminary assessment of a country's eligibility for assistance under the HIPC Initiative, based on a Debt Sustainability Analysis, the track record of policy performance, and progress with developing a poverty reduction strategy. PDF File Size: 193Kb
September 26, 1999 -- Statement by Mr. Antonio Casas Gonzalez,Governor of the Bank of Venezuela, Fifty-Third Meeting of the IMF Interim Committee
The Interim Committee member for the constituency consisting of Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Spain and Venezuela
April 23, 1999 -- Transcript of a World Bank/IMF Press Briefing on the Heavily Indebted Poor Countries (HIPCs) Debt Initiative
I'm sure you'll have specific questions about some of the recent activities with the Boards of both the IMF and the World Bank looking at some of the submissions from the donor governments and these NGOs that took place last week.
March 26, 1999 -- Press Release: IMF Approves Three-Year Arrangement Under the ESAF for Honduras
March 10, 1999 -- Honduras Letter of Intent and Memorandum of Economic Policies, March 10, 1999
This Letter of Intent of the government of Honduras describes the policies that Honduras intends to implement in the context of its request for financial support from the IMF.
January 01, 1999 -- Honduras's Growth Performance During 1970-97
Author/Editor: Juan-Ramon, V. Hugo
Series: Policy Discussion Paper No. 99/1
December 14, 1998 -- IMF Survey:
Financial market turbulence; IMF approves Brazil credit; U.S. inflation and unemployment; debt relief for Honduras and Nicaragua; Camdessus in Latin America; corporate debt in east Asia; and budget reform in Lithuania. PDF File Size: 405Kb
December 10, 1998 -- News Brief: IMF Managing Director Welcomes Paris Club Debt Relief for Honduras and Nicaragua
December 07, 1998 -- Press Release: IMF Approves Emergency Assistance for Honduras
November 30, 1998 -- IMF Survey:
Impact of euro introduction, debt assistance for Honduras and Nicaragua, IMF press conference on Brazil, Camdessus on financial sector reforms, Max Corden on Asian crisis, sound banking in sub-Saharan Africa, and bank restructuring in Kazakhstan. PDF File Size: 564Kb
November 20, 1998 -- Honduras - Selected Issues
Series: IMF Staff Country Report No. 98/122
November 16, 1998 -- News Brief: World Bank, IMF, and IDB to Assist Honduras and Nicaragua on Their External Debt Problem
November 13, 1998 -- Honduras Letter of Intent, November 13, 1998
This Letter of Intent of the government of Honduras describes the policies that Honduras intends to implement in the context of its request for financial support from the IMF.
September 23, 1997 -- Statement by the Hon. Carlos A. Massad, Governor of the World Bank and the Fund for Chile on behalf of the Latin American Governors of the Fund, at the Joint Annual Discussion.
PDF File Size: 34Kb
February 27, 1997 -- Honduras - Statistical Appendix
Series: IMF Staff Country Report No. 97/7
March 14, 1995 -- Honduras - Recent Economic Developments
Series: IMF Staff Country Report No. 95/19
Notes: This report on recent economic developments in Honduras was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
January 31, 1995 -- Press Release: IMF Approves Second Annual Loan for Honduras Under the ESAF

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