Honduras; Request for a Stand-By Arrangement and an Arrangement Under the Standby Credit Facility-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Honduras

The economy of Honduras contracted as a result of the global economic crisis. In the economic policy area, the authorities gave priority to strengthening the financial position of the public sector and restarting the external assistance. Measures are taken to strengthen the fiscal position, in particular wage bill control, energy subsidies, public sector tariffs, domestic arrears. Monetary and exchange rate policies will be geared at maintaining low inflation, safeguarding competitiveness, and strengthening the external reserves position. The authorities planned to improve the regulatory framework.

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Year of publication:	2010-10-22
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Announcements \| Debt sustainability analysis \| Economic growth \| Economic indicators \| Economic recovery \| Extended arrangement requests \| Fiscal consolidation \| Fiscal reforms \| Staff Reports \| Stand-by arrangement requests \| debt \| external debt \| central bank \| public debt \| payments \| interest \| debt service \| loans \| debt sustainability \| current account \| liabilities \| domestic financing \| public sector debt \| external financing \| debt relief \| debt forgiveness \| current account deficit \| obligations \| balance of payments \| external borrowing \| domestic debt \| external public debt \| public and publicly guaranteed \| fiscal policy \| public finances \| deficits \| debt management \| public expenditure \| taxes \| debt dynamics \| repayment \| tax revenues \| external disbursements \| debts \| ppg debt \| external debt indicators \| debt burden \| creditors \| expenditures \| public sector borrowing \| current account balance \| balance of payment \| external debt service \| long-term debt \| payment arrears \| private debt \| creditor \| net debt \| debt amortization \| liquidity management \| domestic currency \| external debt sustainability \| short-term debt \| collections \| debt obligations \| reserve assets \| debt ratio \| external liability \| commercial loans \| nonconcessional debt \| external public sector debt \| solvency \| external payment \| external payments arrears \| bilateral creditors \| private sector borrowing \| public sector securities \| taxpayers \| external loans \| secondary markets \| external debt obligations \| overdue obligations \| suppliers ? credits \| official creditors \| total external debt \| insolvency \| commercial credit \| private sector debt \| debt profile \| public external debt \| refinance \| government deficit \| restructuring \| public contracts \| fiscal deficits \| cooperatives \| outstanding debt \| tax exemptions \| debt management capacity \| public debt management \| external payments \| tax collection \| central banks

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 10/322 7 pages long
Source:	RePEc - Research Papers in Economics

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