IMF sends mission to Honduras

An International Monetary Fund (IMF) mission arrived in Honduras to study the impact on its economy of external factors. Honduras signed a standby agreement with the Fund on April 8.

Tuesday, May 13, 2008

Under the terms of the agreement, Honduras is bound to apply savings on external debt payments to its program to reduce poverty.

More on this topic

IMF: Honduras Cannot Use $163 Million

September 2009

Honduras won't be able to use $163 million granted as Special Drawing Rights until the organism recognizes the current government.

Said resources are part of a global $250 billion infusion aimed at strengthening international reserves for all members of the Fund.

They were granted as Special Drawing Rights, a virtual currency created by the entity, that can be exchanged for real money.

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.

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