Honduras: Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility; Request for Waiver and Modification of Performance Criteria; and Financing Assurances Review

January 31, 2006

Preview Citation

Format: Chicago

Honduras: Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility; Request for Waiver and Modification of Performance Criteria; and Financing Assurances Review, (USA: International Monetary Fund, 2006) accessed November 21, 2024

Summary

Honduras’s Third Review under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteria are discussed. The current stance of monetary and exchange rate policies are broadly appropriate, and financial sector reforms are proceeding. Progress has been made in strengthening monetary operations and the prudential framework. The authorities will introduce measures to control the risk of dollar lending to nondollar earners and to limit the net open foreign exchange position of banks.

Subject: Banking, Central banks, Economic sectors, Fuel prices, Oil prices, Open market operations, Prices, Public debt, Public sector

Keywords: Authorities policy, Central America, CR, Fuel prices, Global, Government, Growth objective, ISCR, NIR level, Oil prices, Open market operations, President-elect, PRGF arrangement, Price, Public sector, Staff appraisal

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/031
Stock No:

1HNDEA2006001
ISBN:

9781451817157
ISSN:

1934-7685

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