{
  "title": "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",
  "publication": "IMF Staff Country Reports, July 19, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/07/18/honduras-staff-report-for-the-2019-article-iv-consultation-and-request-for-a-stand-by-48509",
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  "summary": "This paper discusses Honduras’s 2019 Article IV Consultation and Request for a Stand-By Arrangement and an Arrangement Under the Standby Credit Facility.",
  "sections": [
    {
      "heading": "Overview and main findings",
      "content": "- Supported by a Fund program that expired in December 2017, Honduras has:\n  - reduced macroeconomic imbalances,\n  - institutionalized fiscal prudence,\n  - laid the groundwork for a modern monetary policy framework.\n- The authorities are committed to maintaining prudent policies and to building on previous achievements to make progress in solving long-standing issues.\n- The authorities’ economic program aims at maintaining macroeconomic stability, while enacting economic and institutional reforms to foster inclusive growth.\n- Honduras needs to foster inclusive growth through reforms and better governance."
    },
    {
      "heading": "Policy priorities and recommendations",
      "content": "- Increase the quality of fiscal policy through targeted reforms.\n- Sustain revenue mobilization efforts.\n- Protect investment and social spending.\n- Secure the financial sustainability of the public electricity company.\n- Enhance transparency and governance in the budget."
    },
    {
      "heading": "Institutional and programmatic context",
      "content": "- The paper discusses Honduras’s 2019 Article IV Consultation and Request for a Stand-By Arrangement and an Arrangement Under the Standby Credit Facility.\n- The authorities’ program builds on progress under the prior Fund-supported program (expired December 2017) to pursue macroeconomic stability and institutional reforms."
    },
    {
      "heading": "Thematic coverage (as listed)",
      "content": "- Banking\n- Credit\n- Currencies\n- Electricity\n- National accounts\n\nHonduras: 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\n\n---\n\n Content in this bundle\n\n- 1hndea2019001\n  - 1hndea2019001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1hndea2019001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 19, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513507804.002",
    "Supported by a Fund program that expired in December 2017, Honduras has:",
    "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.",
    "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.",
    "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.",
    "**1hndea2019001**"
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