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Honduras: First Reviews Under the Stand-By Arrangement and Standby Credit Facility-Press Release; Staff Report; Informational Annex; Staff Supplement; and Statement by the Executive Director for Honduras
Author:
International Monetary Fund. Western Hemisphere Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2015: Issue 283
Language:
English
Publication Date:
14 Oct 2015
DOI:
https://doi.org/10.5089/9781513571874.002
ISBN:
9781513571874
ISSN:
1934-7685
Pages:
84
Keywords:
ISCR; CR; government; electricity sector law; Stand-By Credit Facility; fund staff estimate; Honduras's performance; Honduran authorities; state electricity company; Honduras' quota; Public sector; Central America; Global
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This paper discusses Honduras’ First Reviews Under the Stand-by Arrangement (SBA) and Standby Credit Facility (SCF). Program implementation for the first reviews has been strong. All 2014 performance criteria and indicative targets were met, most with significant margins. The authorities have also created fiscal space within the program to increase social spending and support efforts to reduce poverty. On the structural side, December 2014 and March 2015 benchmarks were also generally observed. The revised program proposed for 2015 envisages further strengthening fiscal and net international reserves targets. The IMF staff supports the completion of the first reviews under the SBA and the SCF Arrangements.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2015: Issue 283