Honduras: First Review Under the Stand-By Arrangement and Under the Standby Credit Facility-Staff Report; Staff Statement; Press Release; and Statement by the Executive Director for Honduras.

May 10, 2011

Preview Citation

Format: Chicago

Honduras: First Review Under the Stand-By Arrangement and Under the Standby Credit Facility-Staff Report; Staff Statement; Press Release; and Statement by the Executive Director for Honduras., (USA: International Monetary Fund, 2011) accessed November 27, 2024

Summary

The authorities’ remain committed to lower the fiscal deficit and stabilize the public debt-to-GDP ratio at 30 percent of GDP while improving the quality of expenditure. The authorities agree to maintain public expenditure within the ceilings established in the 2011 budget. Further progress in public sector reform is essential for improving the efficiency and sustainability of public finances. Progress has been made in improving the government’s debt management strategy. The central bank has prepared a plan for upgrading the monetary policy framework.

Subject: Banking, Credit, Economic sectors, External debt, Money, Public debt, Public sector, Revenue administration

Keywords: Commercial bank credit, CR, Credit, Credit to the private sector, Honduras executive board meeting, IMF credit lines, ISCR, Public sector, Staff appraisal

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/101
Stock No:

1HNDEA2011001
ISBN:

9781455283576
ISSN:

1934-7685

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