Honduras: Request for Stand-By Arrangement-Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Honduras

July 23, 2008

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Format: Chicago

Honduras: Request for Stand-By Arrangement-Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Honduras, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Also available in: español

Summary

This paper discusses request from Honduras’ authorities for a Stand-By Arrangement (SBA). Honduras has had three previous Poverty Reduction and Growth Facility (PRGF) arrangements, the last of which ended in February 2007. The most recent PRGF program focused on fiscal consolidation and structural reforms. However, the program went off track owing to large wage increases granted in 2006, including a four-year agreement with teachers. The authorities are now requesting a 12-month SBA covering economic policies through December 2008. In IMF staff’s view, the authorities’ program appropriately addresses emerging imbalances.

Subject: Banking, Economic sectors, External debt, International reserves, Poverty, Poverty reduction, Poverty reduction strategy, Public debt, Public sector

Keywords: Central America, CR, Executive board discussion, Global, Government deposit, Honduran authorities, IMF staff representative, ISCR, Poverty reduction, Poverty reduction strategy, Program, Public sector, Staff appraisal, Statement

Publication Details

Pages:

78
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/241
Stock No:

1HNDEA2008001
ISBN:

9781451817201
ISSN:

1934-7685

Notes

Full text also available in Spanish.

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