IMF Staff Concludes Visit to Honduras

IMF News, February 20, 2026

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A fact-finding IMF team led by Emilio Fernandez Corugedo visited Tegucigalpa from February 16 to 20, 2026, to meet the new authorities, discuss recent economic developments, challenges, opportunities, and exchange views on the authorities’ policy agenda in the context of the IMF’s continued engagement with Honduras.
Press Release No. 26/060; statement issued at the conclusion of the visit on February 20, 2026.
The mission will not result in a Board discussion; the views expressed are those of IMF staff and do not necessarily represent the views of the IMF’s Executive Board.

The Honduran economy remains resilient, with:
- robust growth;
- inflation within the BCH tolerance range;
- favorable export prices and remittances that continue to bolster international reserves.
Sovereign spreads have declined consistently over the past weeks.
Authorities reiterated commitments to:
- fiscal sustainability;
- safeguarding monetary and financial stability;
- fostering private sector-led growth;
- infrastructure investment;
- addressing pressing social needs, particularly in the health sector.

Monetary and exchange rate policies:
- Steps to promote the institutional strengthening of the central bank.
- Measures to further enhance the functioning of the foreign exchange system while maintaining a healthy level of international reserves.
Fiscal policy and public spending:
- Measures to improve public sector efficiency.
- Reallocation of resources from current spending toward public investment and priority social needs, particularly in health.
- Emphasis on a consistent, prudent and well-coordinated policy mix, including well-sequenced structural reforms, to preserve macroeconomic and financial stability and support growth.
Governance and structural reforms:
- Strengthening transparency, accountability and governance, including on public financial management, is essential to build trust and ensure efficient use of public resources.
- Submission to the National Congress of the public procurement law this week identified as a significant milestone.
Energy sector reforms:
- Decisive reforms are critical to mitigate fiscal risks, unlock resources for priority investment, and boost private sector competitiveness.
Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT):
- Timely passage and effective implementation of the AML/CFT framework will be key to safeguarding the integrity of the financial system.
- IMF notes submission of pertinent laws to the National Congress this week ahead of the 2026 Financial Action Task Force (FATF) evaluation.

IMF staff stands ready to continue to work with the authorities to support Honduras’ efforts to accelerate inclusive and sustainable growth while promoting robust policy frameworks, transparency, and good governance.
The IMF team looks forward to continuing close dialogue with authorities as they implement their ambitious economic agenda in support of macroeconomic stability and the well-being of the people of Honduras.

International Monetary Fund, Press Release No. 26/060, February 20, 2026.