Honduras: Recent Economic Developments
March 14, 1995
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This paper describes economic developments in Honduras during the 1990s. During 1990–93, Honduras adopted an economic program aimed at reducing macroeconomic imbalances and at greater openness and efficiency of the economy. Important structural reforms were carried out in the public, financial, and external sectors, and economic activity and nontraditional exports increased at a fast pace. However, the adjustment of macroeconomic imbalances was short lived as the fiscal deficit rose sharply in the run-up to the presidential elections of November 1993.
Subject: Banking, Commercial banks, Economic sectors, Exports, External debt, Financial institutions, Foreign exchange, International trade, Public sector
Keywords: base price, capital goods, Central America, Commercial banks, CR, debt-service obligation, dollar, Exports, financial system, GDP deflator, GDP ratio, inflation rate, ISCR, nominal exchange rate, Public sector, structural adjustment, terms of trade, Western Hemisphere
Pages:
92
Volume:
1995
DOI:
Issue:
019
Series:
Country Report No. 1995/019
Stock No:
1HNDEA0011995
ISBN:
9781451817027
ISSN:
1934-7685
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.
