Honduras: Fifth and Sixth Reviews Under the Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Honduras
IMF Staff Country Reports, November 21, 2017
Source details
- Canonical URL
- Honduras: Fifth and Sixth Reviews Under the Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Honduras
Other formats
Bibliographic details
- Authors: Arrangement-Press Release
- Published: November 21, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484325629.002
Summary findings
- All continuous performance criteria for the end of June 2017 were met.
- The indicative target on the National Electricity Company’s (ENEE) operating revenue-to-spending ratio was missed by a small margin owing to up-front fees paid to the loss-recovery concessionaire.
- The authorities have indicated that they will not purchase the amount available on completion of these reviews, in line with their intention to treat the SBA as precautionary.
Structural reforms and policy actions
- Adoption of a fiscal responsibility law to anchor a sustainable medium-term fiscal position.
- Overhaul of the tax administration.
- Reduction in the heavily overstaffed payroll of ENEE.
Subject coverage and keywords
- Subjects: Credit, Currencies, Economic sectors, Financial institutions, Loans, Money, National accounts, Public debt, Public sector.
- Keywords: authorities' knowledge, authority, Central America, central bank, CR, Credit, credit card law, discussion of the review, exchange rate, FX surrender requirement, Global, Honduran authorities, Honduras, ISCR, Loans, Public sector, reform agenda.
Content in this bundle
- Country Report