## IMF Staff Concludes Visit to Honduras

_IMF News, June 25, 2022_

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**Canonical URL:** [IMF Staff Concludes Visit to Honduras](https://www.imf.org/en/news/articles/2022/06/25/pr22229-imf-staff-concludes-visit-to-honduras)

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## Bibliographic details
- Published: June 25, 2022

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### Mission details and context
- Press Release No. 22/229
- Date: June 24, 2022
- Mission dates: June 20-24, 2022
- Location: Tegucigalpa, Honduras
- IMF team led by Joyce Wong and supported by resident representative Christian Henn
- Mission purpose: to deepen discussions on the authorities’ vision and policy priorities to form the basis for a deeper engagement with the Fund
- Note: End-of-Mission press releases convey preliminary findings after a visit. The views are those of IMF staff and do not necessarily represent the views of the IMF’s Executive Board. This mission will not result in a Board discussion.

### Economic assessment and developments
- Despite a strong rebound in economic activity, employment remains below pre-pandemic levels.
- High and rising inflation, driven by commodity prices and subsequent economic shocks amid strong remittances, is exposing the most vulnerable Hondurans.
- Short-term government focus: cushioning the economy from the impact of commodity price increases and protecting the vulnerable from food insecurity amid rising food prices.

### Authorities’ policy priorities discussed
- Reduce poverty and protect the most vulnerable.
- Foster inclusive growth.
- Tackle corruption and strengthen governance and transparency, including by improving public financial management.
- Passed legislation to eliminate trust funds.
- In the process of reviewing tax exemptions to make the tax system more equitable.
  - Objective: create fiscal space to boost much-needed investment and support social spending.
- Commitment to honor the country’s debts and to maintain debt sustainability.
  - Improving debt management with international assistance.
  - Aim to gradually improve the debt service profile.
- Importance of implementing energy reforms to improve the functioning of the national electricity company (ENEE) and the electricity sector.

### Closing remarks
- The IMF team thanked the authorities for their hospitality and candid discussions.
- Communications contact: PRESS OFFICER: Jose Luis de Haro; Phone: +1 202 623-7100; Email: MEDIA@IMF.org; Twitter: @IMFSpokesperson

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## References

- [Honduras and the IMF](http://www.imf.org/external/country/HND/index.htm)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [PRESS CENTER](http://presscenter.imf.org/)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2022/06/25/pr22229-imf-staff-concludes-visit-to-honduras_