IMF Staff Country Reports

Honduras: Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility; Request for Waiver and Modification of Performance Criteria; and Financing Assurances Review

Publication Date:

January 31, 2006

Electronic Access:

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Summary:

Honduras’s Third Review under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteria are discussed. The current stance of monetary and exchange rate policies are broadly appropriate, and financial sector reforms are proceeding. Progress has been made in strengthening monetary operations and the prudential framework. The authorities will introduce measures to control the risk of dollar lending to nondollar earners and to limit the net open foreign exchange position of banks.

Series:

Country Report No. 2006/031

Subject:

Banking Central banks Economic sectors Fuel prices Oil prices Open market operations Prices Public debt Public sector