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Honduras: Enhanced Initiative for Heavily Indebted Poor Countries Completion Point Document
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2005: Issue 386
Language:
English
Publication Date:
31 Oct 2005
DOI:
https://doi.org/10.5089/9781451817133.002
ISBN:
9781451817133
ISSN:
1934-7685
Pages:
54
Keywords:
ISCR; CR; exchange rate; long-term debt; current account; discount rate; Honduran authorities; financial system; capital adequacy ratio; real GDP; balance of payments; sensitivity analysis; NPV terms; Debt relief; Debt service; Stocks; Basel Core Principles; Central America
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The paper discusses the consideration of Honduras’s Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). The interim relief provided under the enhanced HIPC Initiative has allowed the government to increase social spending. Controlling the public sector wage bill and maintaining strong revenue collection is critical for sustaining a stable macroeconomic framework and adequate poverty reduction efforts. Efforts are also needed to reduce vulnerabilities and improve the resilience to external shocks by introducing more flexibility into the exchange rate regime.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund