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 parti...

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Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2010, 2010
Series:IMF Staff Country Reports; Country Report
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Summary: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
Physical Description:74 p.
ISBN:9781455208494
1455208493