Honduras: First Reviews Under the Stand-By Arrangement and Standby Credit Facility-Press Release; Staff Report; Informational Annex; Staff Supplement; and Statement by the Executive Director for Honduras

October 14, 2015

Preview Citation

Format: Chicago

Honduras: First Reviews Under the Stand-By Arrangement and Standby Credit Facility-Press Release; Staff Report; Informational Annex; Staff Supplement; and Statement by the Executive Director for Honduras, (USA: International Monetary Fund, 2015) accessed November 22, 2024

Summary

This paper discusses Honduras’ First Reviews Under the Stand-by Arrangement (SBA) and Standby Credit Facility (SCF). Program implementation for the first reviews has been strong. All 2014 performance criteria and indicative targets were met, most with significant margins. The authorities have also created fiscal space within the program to increase social spending and support efforts to reduce poverty. On the structural side, December 2014 and March 2015 benchmarks were also generally observed. The revised program proposed for 2015 envisages further strengthening fiscal and net international reserves targets. The IMF staff supports the completion of the first reviews under the SBA and the SCF Arrangements.

Subject: Banking, Economic sectors, External debt, National accounts, Public debt, Public sector, Revenue administration

Keywords: Central America, CR, Electricity sector law, Fund staff estimate, Global, Government, Honduran authorities, Honduras' quota, Honduras's performance, ISCR, Public sector, Stand-By Credit Facility, State electricity company

Publication Details

Pages:

84
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/283
Stock No:

1HNDEA2015001
ISBN:

9781513571874
ISSN:

1934-7685

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