IMF Staff Country Reports

Honduras: 2023 Article IV Consultation and Requests for an Arrangement Under the Extended Fund Facility and an Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Honduras

September 22, 2023

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Format: Chicago

International Monetary Fund. Western Hemisphere Dept. "Honduras: 2023 Article IV Consultation and Requests for an Arrangement Under the Extended Fund Facility and an Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Honduras", IMF Staff Country Reports 2023, 337 (2023), accessed November 8, 2024, https://doi.org/10.5089/9798400255496.002

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Summary

This paper presents Honduras’ 2023 Article IV Consultation and Requests for an Arrangement under the Extended Fund Facility and an Arrangement under the Extended Credit Facility. These arrangements provide support for the Honduran government’s economic and institutional reform agenda over the next three years. The program also aims to support the authorities’ efforts to improve governance and transparency and fight corruption. The program will advance policies needed to strengthen economic resilience and address structural bottlenecks to boost inclusive growth, including by increasing public investment while safeguarding macroeconomic stability. Reforms in the energy sector will be essential to limit fiscal risks and improve the business environment. The authorities are implementing a comprehensive loss reduction plan to strengthen the financial position of the public electricity company and enhance the provision of electricity. In this context, the program also aims to support the authorities’ efforts to build resilience to climate change.

Subject: Economic sectors, Energy sector, External debt, Foreign exchange, International organization, Monetary policy, Public debt, Revenue administration

Keywords: Authorities' priority, Band regime, Budget administration, Caribbean, Central America, Energy sector, Global, Honduran authorities, Sale transaction, Western Hemisphere

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