Honduras Request for a Stand-By Arrangement and an Arrangement Under the Standby Credit Facility

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 co...

Full description

Bibliographic Details
Corporate Author: International Monetary Fund Western Hemisphere Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2014
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 02737nmm a2200613 u 4500
001 EB001308562
003 EBX01000000000000000893174
005 00000000000000.0
007 cr|||||||||||||||||||||
008 161223 ||| eng
020 |a 9781498323758 
245 0 0 |a Honduras  |b Request for a Stand-By Arrangement and an Arrangement Under the Standby Credit Facility 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2014 
300 |a 94 pages 
651 4 |a Honduras 
653 |a Finance, Public 
653 |a Revenue administration 
653 |a General Aggregative Models: General 
653 |a Public debt 
653 |a Public-Private Enterprises 
653 |a Public finance & taxation 
653 |a Public Enterprises 
653 |a Public sector 
653 |a Debt Management 
653 |a Fiscal Policy 
653 |a Debts, Public 
653 |a Fiscal consolidation 
653 |a Debt 
653 |a Exports and Imports 
653 |a Fiscal policy 
653 |a International Lending and Debt Problems 
653 |a International economics 
653 |a Economic sectors 
653 |a External debt 
653 |a Debts, External 
653 |a National accounts 
653 |a National income 
653 |a Sovereign Debt 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a Banks and Banking 
653 |a Civil service & public sector 
653 |a Macroeconomics 
653 |a Banking 
653 |a Public Finance 
653 |a Financial services law & regulation 
653 |a Revenue 
710 2 |a International Monetary Fund  |b Western Hemisphere Dept 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Staff Country Reports 
028 5 0 |a 10.5089/9781498323758.002 
856 4 0 |u https://elibrary.imf.org/view/journals/002/2014/361/002.2014.issue-361-en.xml?cid=42559-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a 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 balance of payments position has also weakened over the last three years, reflecting both expansionary macroeconomic policies and a less favorable terms of trade