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

Author/Editor:

International Monetary Fund

Publication Date:

July 23, 2008

Electronic Access:

Free Full text (PDF file size is 1583 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses request from Honduras’ authorities for a Stand-By Arrangement (SBA). Honduras has had three previous Poverty Reduction and Growth Facility (PRGF) arrangements, the last of which ended in February 2007. The most recent PRGF program focused on fiscal consolidation and structural reforms. However, the program went off track owing to large wage increases granted in 2006, including a four-year agreement with teachers. The authorities are now requesting a 12-month SBA covering economic policies through December 2008. In IMF staff’s view, the authorities’ program appropriately addresses emerging imbalances.

Series:

Country Report No. 08/241

Subject:

Notes:

Full text also available in Spanish.

English

Publication Date:

July 23, 2008

ISBN/ISSN:

9781451817201/1934-7685

Stock No:

1HNDEA2008001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

78

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