Honduras: First and Second Reviews Under the Extended Fund Facility and the Extended Credit Facility Arrangements, and Requests for Waivers of Nonobservance of Performance Criteria and Rephasing of Purchases-Press Release; Staff Report; and Statement by the Executive Director for Honduras
IMF Staff Country Reports, December 10, 2024
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- Canonical URL
- Honduras: First and Second Reviews Under the Extended Fund Facility and the Extended Credit Facility Arrangements, and Requests for Waivers of Nonobservance of Performance Criteria and Rephasing of Purchases-Press Release; Staff Report; and Statement by the Executive Director for Honduras
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Bibliographic details
- Published: December 10, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400295263.002
Overview
- This page covers Honduras’ First and Second Reviews under the Extended Fund Facility (EFF) and the Extended Credit Facility (ECF) Arrangements, and requests for waivers of nonobservance of performance criteria and rephasing of purchases.
- The Honduran economy remains resilient despite external and climate shocks.
- The authorities have requested an arrangement under the Resilience and Sustainability Facility.
- Close engagement with IMF staff on resilience and sustainability will continue.
Key findings and recent policy actions
- Authorities have adopted measures to reduce electricity losses and domestic arrears of the state-owned electricity company.
- Strengthened budget execution is ongoing.
- Energy sector reforms have been advanced.
- Monetary and exchange rate policies have been implemented proactively.
Policy priorities and recommendations
- Intensify efforts to tackle long-standing structural bottlenecks to safeguard macroeconomic stability and to promote inclusive and sustained growth.
- Accelerate implementation of climate adaptation policies in response to the increasing frequency of climate change-related events.
- Continue close engagement with IMF staff, including on an arrangement under the Resilience and Sustainability Facility, to support reform and adaptation efforts.
Subject areas and keywords
- Subject: Credit, Debt sustainability analysis, External debt, Foreign exchange, Money, Public debt
- Keywords: bond issuance, Credit, Debt sustainability analysis, Global, Honduran authorities, Honduras team, November inflation data, November inflation print
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