IMF Staff Country Reports

Honduras: Staff Report for the 2005 Article IV Consultation, Second Review Under the Three–Year Arrangement Under the Poverty Reduction and Growth Facility, Requests for Modification and Waiver of Performance Criteria, and Financing Assurances Review; and Enhanced Initiative for Heavily Indebted Poor Countries—Completion Point Document

February 2, 2006

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International Monetary Fund. "Honduras: Staff Report for the 2005 Article IV Consultation, Second Review Under the Three–Year Arrangement Under the Poverty Reduction and Growth Facility, Requests for Modification and Waiver of Performance Criteria, and Financing Assurances Review; and Enhanced Initiative for Heavily Indebted Poor Countries—Completion Point Document", IMF Staff Country Reports 2006, 035 (2006), accessed April 10, 2025, https://doi.org/10.5089/9781451817171.002

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Summary

This paper examines Honduras’s 2005 Article IV Consultation and Second Review Under the Poverty Reduction and Growth Facility. In the period 1960–2000, output growth in Honduras ranked among the lowest in the region. During the 1990s, when growth recovered in the rest of Central America, in Honduras it only kept pace with population growth. The authorities embarked on an economic reform program that focuses on ensuring macroeconomic stability and strengthening growth prospects through the development of human capital and basic infrastructure.

Subject: Banking, Economic sectors, Financial sector, Labor, Poverty, Poverty reduction strategy, Public debt, Public sector, Wages

Keywords: Central America, CR, Financial sector, Government, Honduran authorities, ISCR, Poverty reduction strategy, PRGF arrangement, PRGF loan, Public sector, Public transportation tariff, Staff appraisal, Wages

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