Honduras: Request for a Stand-by Arrangement and an Arrangement Under the Standby Credit Facility - Staff Report; Press Release

 
 
Publication Date: December 24, 2014
 
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Summary: The government of President Hernandez inherited a difficult macroeconomic situation upon taking office in January 2014. Economic growth decelerated significantly in 2013, driven mainly by lower private demand from policy uncertainty and by weaker trade-partner growth. The fiscal accounts weakened considerably in 2011–13, reflecting sizeable increases in government spending and in the deficit of the state-owned electricity company. The relaxation of fiscal policy has led to a rapid increase in public debt, which would continue into the medium term absent a change in economic policies. The balance of payments position has also weakened over the last three years, reflecting both expansionary macroeconomic policies and a less favorable terms of trade.
 
Series: Country Report No. 14/361
Subject(s): Stand-by arrangement requests | Fiscal policy | Fiscal consolidation | Fiscal reforms | Monetary policy | Economic indicators | Debt sustainability analysis | Staff Reports | Letters of Intent | Standby Credit Facility | Press releases | Honduras

 
English
Publication Date: December 24, 2014
ISBN/ISSN: 9781498323758/1934-7685 Format: Paper
Stock No: 1HNDEA2014001 Pages: 94
Price:
US$18.00
 
 
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