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International Monetary Fund
The Joint Staff Advisory Note on Honduras’s Poverty Reduction Strategy Paper Second Annual Progress Report is presented. The framework, which is consistent with the government’s economic program being supported by the Poverty Reduction and Growth Facility arrangement, aims at achieving sustainable growth, reducing poverty, and maintaining macroeconomic and financial stability. The strategy involves continuing structural reforms and prudent macroeconomic policies. Reforms to boost growth focus on strengthening the development of human capital and basic infrastructure, improving the environment for private sector development, and using international trade agreements.
International Monetary Fund
This report highlights progress made in implementing the Honduran Poverty Reduction Strategy (PRS) from the time of its approval by the Government of Honduras in August 2001 to the present. The report monitors the economic and social programs that were defined in the original document and which were revised following consultation with civil society in the First Progress Report and Update of the PRSP. The report discusses that Honduras has thus far achieved approximately 18 percent of the improvement on the PRSP indicators that will be needed to reach to the goals set for 2015.
International Monetary Fund
The paper discusses the Joint Staff Assessment (JSA) of the Poverty Reduction Strategy Paper (PRSP) Progress Report for Honduras. The first PRSP Progress Report of the Government of Honduras presents a complete review of the government’s implementation of the PRSP to date and updates the PRSP for 2004–07. The report presents a comprehensive assessment of challenges encountered in implementing the poverty reduction strategy in Honduras. It reports on progress made to date and candidly identifies factors related to less-than-satisfactory Poverty Reduction Strategy implementation.
International Monetary Fund
The paper reports the progress of the Honduran poverty reduction strategy program, projects, and policy measures. The report provides details on the organization and results of the consultation process, and analyzes the macroeconomic framework for the poverty reduction strategy. An overview of the poverty situation and the performance of the poverty-related economic and social indicators are also discussed. Finally, the adjustment of some poverty reduction strategy program goals and budget is presented. The strategy also proposes a series of policy measures.
Ms. Ana Corbacho
and
Mr. Hamid R Davoodi
This paper analyzes Central America's track record on inequality, poverty, and quality of fiscal adjustment in relation to economic growth; health and education outcomes; adequacy of social safety nets; and governance. It then assesses the degree to which the track record can be traced to reforms in public expenditure and governance. Despite the considerable heterogeneity among the countries in the region, there are some policies that all countries need to pursue. Sustained growth and a better quality of fiscal adjustment are needed, as well as policies aimed at increasing individuals' productivity and improving governance.