IMF Staff Country Reports

Honduras: First and Second Reviews Under the Extended Fund Facility and the Extended Credit Facility Arrangements, and Requests for Waivers of Nonobservance of Performance Criteria and Rephasing of Purchases-Press Release; Staff Report; and Statement by the Executive Director for Honduras

December 10, 2024

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International Monetary Fund. Western Hemisphere Dept. "Honduras: First and Second Reviews Under the Extended Fund Facility and the Extended Credit Facility Arrangements, and Requests for Waivers of Nonobservance of Performance Criteria and Rephasing of Purchases-Press Release; Staff Report; and Statement by the Executive Director for Honduras", IMF Staff Country Reports 2024, 332 (2024), accessed May 22, 2025, https://doi.org/10.5089/9798400295263.002

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Summary

This page discusses Honduras’ First and Second Reviews under the Extended Fund Facility and the Extended Credit Facility Arrangements, and Requests for Waivers of Nonobservance of Performance Criteria and Rephasing of Purchases. The Honduran economy remains resilient, despite external and climate shocks. The authorities have adopted measures to reduce electricity losses and domestic arrears of the state-owned electricity company. Strengthened budget execution, energy sector reforms, proactive implementation of monetary and exchange rate policies, and intensified efforts to tackle long-standing structural bottlenecks remain key to safeguard macroeconomic stability and to promote inclusive and sustained growth. The increasing frequency of climate change-related events calls for accelerating the implementation of climate adaptation policies. In order to support these efforts, the authorities have requested an arrangement under the Resilience and Sustainability Facility. Close engagement with IMF staff on this area will continue.

Subject: Credit, Debt sustainability analysis, External debt, Foreign exchange, Money, Public debt

Keywords: Bond issuance, Credit, Debt sustainability analysis, Global, Honduran authorities, Honduras team, November inflation data, November inflation print

Publication Details

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