Statement on IMF Staff Visit to Honduras

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

Friday, May 23, 2008

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. The mission supported the authorities' commitment to achieving the fiscal deficit target (1½ percent of GDP), with steps to strengthen the finances of ENEE, redirect spending to protect the poor, and improve public investment execution.

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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 Completes Honduras Review

March 2011

The mission established that performance criteria was broadly met and significant progress was made on structural reforms.

The mission noted that all quantitative performance criteria for December 2010 were observed with ample margins, and that there have been significant advances in structural reforms.

Statement by an IMF Mission to Costa Rica

April 2010

The economic recovery in Costa Rica is firmly underway. Economic growth rose in the second half of 2009 and remained strong in the first quarter of 2010.

Consumer and business sentiment have firmed up and financial conditions have continued to improve. Adjustments in administered prices have pushed inflation to 5.8 percent in March, compared to 4 percent at end-2009, but underlying inflation has remained stable close to 4 percent. Overall, the rebound in activity has been stronger than originally anticipated.

IMF Review of Honduras in January 2012

February 2012

The International Monetary Fund has concluded a review of the Stand By Agreement, noting the central government’s failure to comply with its goals for the deficit.

A press release by the IMF states:

“A technical team from the International Monetary Fund (IMF) headed by Mr.

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