Fuel imports put IMF targets out of reach for Honduras

Honduras will be unable to meet targets set by the International Monetary Fund as a result of a soaring bill for fuel imports, finance Secretary Rebeca Santos said.

Wednesday, June 4, 2008

Santos said that Fund officials were aware that Honduras would be unable to meet the targets for inflation and international reserves. Between January and April of this year, the nation's monthly fuel-imports bill more than doubled to US$456 million.

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IMF to review Honduras' economic program

August 2008

A mission of the International Monetary Fund (IMF) began reviewing the Government of Honduras' economic program yesterday in Tegucigalpa.

Rebeca Santos, Minister of Finance, told the press that the mission will evaluate the fulfillment of goals of the program and the different macroeconomic variables such as growth, inflation and public investment.

Statement on IMF Staff Visit to Honduras

May 2008

The IMF mission that visited Honduras during May 13-21, 2008 discussed policy responses to the weakening external conditions.

The mission agreed that full implementation of the policies set out in the authorities' program would be key to help the economy adjust smoothly to the emerging risks from the external shock, especially on fuel prices.

IMF in talks with Honduras on impact of high oil prices

May 2008

The impact of high oil prices on the Honduran economy was on the agenda when a technical mission met with authorities from the central bank and finance ministry.

Edwin Araque, governor of the central bank, said that the impact of higher fuel prices was sure to be reflected in the nation's international reserves.

Honduras Hosts IMF Delegation

January 2011

During February, the country will receive an IMF mission to assess the agreement signed in 2010.

The president of the Central Bank of Honduras told the press that members expect 'good reviews' because they have been fulfilling the goals set by the Government.

"Indicators show that goals were reached, in some cases exceeded, such as international reserves," said Mondragon," Laprensa.hn reported.

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