IMF Staff Country Reports

Honduras: Enhanced Initiative for Heavily Indebted Poor Countries Completion Point Document

Publication Date:

October 31, 2005

Summary:

The paper discusses the consideration of Honduras’s Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). The interim relief provided under the enhanced HIPC Initiative has allowed the government to increase social spending. Controlling the public sector wage bill and maintaining strong revenue collection is critical for sustaining a stable macroeconomic framework and adequate poverty reduction efforts. Efforts are also needed to reduce vulnerabilities and improve the resilience to external shocks by introducing more flexibility into the exchange rate regime.

Series:

Country Report No. 2005/386

Subject:

Asset and liability management Basel Core Principles Debt relief Debt service External debt Financial institutions Financial regulation and supervision Stocks