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

October 31, 2005

Preview Citation

Format: Chicago

Honduras: Enhanced Initiative for Heavily Indebted Poor Countries Completion Point Document, (USA: International Monetary Fund, 2005) accessed September 20, 2024

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.

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

Keywords: Balance of payments, Basel Core Principles, Capital adequacy ratio, Central America, CR, Current account, Debt relief, Debt service, Discount rate, Exchange rate, Financial system, Honduran authorities, ISCR, Long-term debt, NPV terms, Real GDP, Sensitivity analysis, Stocks

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/386
Stock No:

1HNDEA2005006
ISBN:

9781451817133
ISSN:

1934-7685

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