## Honduras: Technical Assistance Report–Fiscal Transparency Evaluation

_IMF Staff Country Reports, July 8, 2021_

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## Bibliographic details
- Published: July 8, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513589084.002

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### Overview
- This report evaluates Honduras’s fiscal transparency practices in relation to the IMF Fiscal Transparency Code (FTC).
- Honduras’s score is similar to those of other Latin American countries and emerging market economies that have undergone the evaluation.
- Publication date: July 8, 2021.
- Pages: 108.
- Volume: 2021.
- Issue: 150.
- Series: Country Report No. 2021/150.
- DOI: https://doi.org/10.5089/9781513589084.002.
- Stock No: 1HNDEA2021001.
- ISBN: 9781513589084.
- ISSN: 1934-7685.

### Key findings
- Honduran practices are considered basic in 15 areas.
- Honduran practices are considered good in 7 areas.
- Honduran practices are considered advanced in 6 areas.
- Fiscal transparency practices in the area of fiscal forecasting and budgeting are the strongest.
- Fiscal risk analysis and management practices are the weakest.
- Honduras’s current fiscal transparency practices fall short of the FTC principles in eight areas.

### Thematic focus and subjects covered
- Budget planning and preparation
- Expenditure
- Financial statements
- Fiscal risks
- Macroeconomic and fiscal forecasts
- Public financial management (PFM)
- Additional subject tags included: accounts payable; Banco Nacional de Desarrollo Agrícola; budget index; Central America; control de los Recursos Públicos; Desarrollo de Honduras; Dirección General de Inversión Pública; employee pension administrator; Unidad de Planeamiento y evaluation de la Gestión; Universidad Nacional Autónoma; International organization; Monetary policy

### Implications (as presented in the report)
- Relative strengths in fiscal forecasting and budgeting suggest capacity to produce forward-looking fiscal information.
- Weaknesses in fiscal risk analysis and management indicate gaps in identifying, quantifying, and managing contingent fiscal liabilities and risks.
- Overall alignment with the FTC shows parity with peer Latin American and emerging market evaluations, while eight shortfalls point to targeted areas for improvement.

*International Monetary Fund. Fiscal Affairs Dept. "Honduras: Technical Assistance Report–Fiscal Transparency Evaluation", IMF Staff Country Reports 2021, 150 (2021).*

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_Source: https://www.imf.org/en/publications/cr/issues/2021/07/07/honduras-technical-assistance-reportfiscal-transparency-evaluation-461741_