The IMF said the short-term outlook also appears positive.
In a press release, the IMF cited the "vigorous performance" of Guatemala's economy in 2007, thanks to the "substantial improvements" brought about in the administration of taxes and the "constant efforts" to promote growth and regional integration.
The IMF said the nation has "maintained economic stability," and that the 5.7 per cent growth of the past year "has been above the historic average."
Highlights of the report include persistent economic growth, low inflation, and advancing structural reforms, particularly in the fiscal area.
From a statement released by the IMF:
An International Monetary Fund (IMF) mission led by Mr. Lisandro Ábrego visited Tegucigalpa during July 13-16 to review economic developments and the authorities’ implementation of their Fund-supported program during 2015.
The institution highlights the restoration of macroeconomic stability, reduction of the fiscal deficit and the rate at which credit to the private sector is increasing.
From a press release issued by the IMF:
On October 26, 2016, the Executive Board of the International Monetary Fund (IMF) completed the combined third and fourth reviews of Honduras’ performance under an economic program supported by a three-year Stand-By Arrangement (SBA) and a two-year arrangement under the Stand-By Credit Facility (SCF). This blended program was approved on December 3, 2014 in the amount of about US$188.6 million (SDR 129.5 million), the equivalent of 100 percent of Honduras’ quota in the IMF at that time (see Press Release No. 14/545).
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