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Honduras.

Author: International Monetary Fund Western Hemisphere Dept
Publisher: Washington : International Monetary Fund, 2014.
Series: IMF Staff Country Reports.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
The government of President Hernandez inherited a difficult macroeconomic situation upon taking office in January 2014. Economic growth decelerated significantly in 2013, driven mainly by lower private demand from policy uncertainty and by weaker trade-partner growth. The fiscal accounts weakened considerably in 2011-13, reflecting sizeable increases in government spending and in the deficit of the state-owned  Read more...
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Details

Genre/Form: Electronic books
Additional Physical Format: Print version:
Dept., International Monetary Fund. Western Hemisphere.
Honduras: Request for a Stand-by Arrangement and an Arrangement Under the Standby Credit Facility - Staff Report; Press Release.
Washington : International Monetary Fund, ©2014
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary Fund Western Hemisphere Dept
ISBN: 9781498360852 1498360858
OCLC Number: 904407813
Description: 1 online resource (131 pages).
Contents: Cover Page; Title Page; Copyright Page; Honduras: Request for a Stand-By Arrangement and an Arrangement Under the Standby Credit Facility; Contents; FIGURES; TABLES; APPENDICES; BACKGROUND AND RECENT ECONOMIC DEVELOPMENTS; OUTLOOK AND POLICIES UNDER THE PROGRAM; A. Fiscal Policy; B. Social Protection; C. Monetary and Exchange Rate Policies; D. Financial Sector; E. Structural Reforms; PROGRAM RISKS; PROGRAM MODALITIES; 1. Selected Economic Indicators; 2. Operations of the Central Government; 3. Operations of the Combined Public Sector; 4. Summary Accounts of Central Bank and Financial System. 5. Balance of Payments6. External Financing Needs and Sources; 7. Medium-Term Macroeconomic Framework; 8. External Vulnerability Indicators; 9. Structure and Performance of the Banking Sector; 10. Millennium Development Goals; 11. Prior Actions and Structural Benchmarks 2014-2015; 12. Performance Criteria; 13. Disbursements, Purchases, and Timing of Reviews under the SCF/SBA; STAFF APPRAISAL; 1. Recent Developments; 2. External Sector Developments; 3. Monetary Developments; 4. Fiscal Developments; 14. Indicators of Fund Credit; I. Debt Sustainability Analysis; II. Letter of Intent. Attachment I. Memorandum of Economic and Financial Policies forAttachment II. Technical Memorandum of Understanding; Contents; FUND RELATIONS; RELATIONS WITH THE WORLD BANK GROUP; STATISTICAL ISSUES; Honduras: Request for a Stand-By Arrangement and an Arrangement Under the Standby Credit Facility-Informational Annex; Footnotes.
Series Title: IMF Staff Country Reports.

Abstract:

The government of President Hernandez inherited a difficult macroeconomic situation upon taking office in January 2014. Economic growth decelerated significantly in 2013, driven mainly by lower private demand from policy uncertainty and by weaker trade-partner growth. The fiscal accounts weakened considerably in 2011-13, reflecting sizeable increases in government spending and in the deficit of the state-owned electricity company. The relaxation of fiscal policy has led to a rapid increase in public debt, which would continue into the medium term absent a change in economic policies. The balan.

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