IMF Visits Honduras for Credit Negotiations

The visit marks the resumption of negotiations for a $220 million loan to go toward financing the 2011 budget.

Monday, September 6, 2010

The Honduran government's $6.9 billion budget for 2011 is currently pending approval by Congress and according to local media seeks to stimulate the economy by financing public investment and production.

In addition to the IMF funds, the country's authorities will look for economic support from the Inter-American Development Bank (IDB), the World Bank and the European Union.

More on this topic

El Salvador Not Complying with IMF Recommendations

May 2016

"We, at this moment in time, do not believe that these recommendations should be promoted because we are carrying out a series of readjustments that we believe are more relevant".

The Sanchez Ceren administration has ruled out addressing the recommendations made by a mission from the International Monetary Fund to correct the wrong direction of the Salvadoran economy.

Honduras as Seen by the IMF at the end of 2012

December 2012

GDP is expected to grow 3.3% in 2012, supported by strong domestic demand, and inflation should fall to 5.7%.

From the press release by the IMF:

An International Monetary Fund (IMF) mission visited Honduras during November 26-December 10 to conduct discussions for the 2012 Article IV consultation.

El Salvador: Economy Adrift

September 2011

Businesses from the National Development Foundation (Funde) indicate that, after two years of rule by Mauricio Funes, the country’s economy lacks clear direction.

With an eye on the threat of a new global recession, the government is being accused of failing to take advantage of the surge in tax revenues and remittances from abroad to do work "that will generate productivity, instead of the contrary, spending all its income on subsidies and salaries for public employees. "

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.

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