Two years after the international financial crisis significantly affect the economies of Central America, the authorities of the isthmus nations are meeting to discuss progress of the fiscal and economic reforms that have been implemented.

An article in Infolatam.com reports: "regional monetary authorities and the IMF will discuss progress in rebuilding fiscal space and ensure debt sustainability, the strength of the financial, regulation and supervision systems and prudential framework, and the interaction between structural reforms and economic growth, among other issues, according to the official program.

Participating in the two-day event will be, from the IMF, its deputy managing director, the Egyptian economist Nemat Shafik, and the director for the Fund's Western Hemisphere, Nicolas Eyzaguirre, who will be keynote speakers.

Also attending are the economic adviser and director of the IMF's research department, Olivier Blanchard, the deputy director of the Fund's Western Hemisphere, Miguel Savastano, and the division chief of the agency for Central America, Marco Pinon. "

Source: Infolatam

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Honduras: IMF Approves Revision of Stand-By Agreement

December 2019

Arguing that the current account deficit has been reduced, and that inflation remains within the target range, the International Monetary Fund approved the first revision of the Stand-By 2019-2021 agreement.

From the press release by IMF:

On December 18, 2019, the Executive Board of the International Monetary Fund (IMF) completed first reviews of Honduras’ performance under an economic program supported by a two-year Stand-By Arrangement (SBA) and a two-year arrangement under the Standby Credit Facility (SCF). This program was approved on July 15 ^th, 2019 in the amount of about US$ 309.2 million (SDR 224.8 million), the equivalent of 90 percent of Honduras quota in the IMF (see Press Release 19/285 ).

Honduras as seen by the IMF - November 2017

November 2017

“Structural reforms are critical to promote private investment and create jobs. Continuing to pursue reforms in the electricity sector, improving the efficiency of public spending, reducing corruption, closing the infrastructure gap, and working together in alliance with the private sector are critical for a sustained economic expansion with marked poverty reduction.”

From a statement issued by the IMF:

Central America as Seen by the IMF

July 2015

"The ongoing economic recovery in the United States and persistence of relatively low oil prices will provide favorable tailwinds to the region.Because of supply constraints, the region is expected to maintain a moderate pace of growth in coming years."

From the press release by IMF:

Nicaragua As Seen by the IMF in March 2015

March 2015

"Nicaragua has advanced greatly in recent years consolidating its economic stability, improving macroeconomic balances and reducing vulnerabilities."

From a statement issued by the International Monetary Fund (IMF):

Mr. Min Zhu, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement at the conclusion of his visit to Nicaragua today: