Honduras: Staff Report for the 2019 Article IV Consultation and Request for a Stand-By Arrangement and an Arrangement Under the Standby Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Honduras
IMF Staff Country Reports, July 19, 2019
Source details
- Canonical URL
- Honduras: Staff Report for the 2019 Article IV Consultation and Request for a Stand-By Arrangement and an Arrangement Under the Standby Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Honduras
Other formats
Bibliographic details
- Published: July 19, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513507804.002
Overview and main findings
- Supported by a Fund program that expired in December 2017, Honduras has:
- reduced macroeconomic imbalances,
- institutionalized fiscal prudence,
- laid the groundwork for a modern monetary policy framework.
- The authorities are committed to maintaining prudent policies and to building on previous achievements to make progress in solving long-standing issues.
- The authorities’ economic program aims at maintaining macroeconomic stability, while enacting economic and institutional reforms to foster inclusive growth.
- Honduras needs to foster inclusive growth through reforms and better governance.
Policy priorities and recommendations
- Increase the quality of fiscal policy through targeted reforms.
- Sustain revenue mobilization efforts.
- Protect investment and social spending.
- Secure the financial sustainability of the public electricity company.
- Enhance transparency and governance in the budget.
Institutional and programmatic context
- The paper discusses Honduras’s 2019 Article IV Consultation and Request for a Stand-By Arrangement and an Arrangement Under the Standby Credit Facility.
- The authorities’ program builds on progress under the prior Fund-supported program (expired December 2017) to pursue macroeconomic stability and institutional reforms.
Thematic coverage (as listed)
- Banking
- Credit
- Currencies
- Electricity
- National accounts
Honduras: Staff Report for the 2019 Article IV Consultation and Request for a Stand-By Arrangement and an Arrangement Under the Standby Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Honduras
Content in this bundle
- 1hndea2019001