Honduras and IMF successfully concluded third review of the economic program under the Stand-By Arrangement
IMF mission highlighted the commitment of Honduras Government to fiscal prudence responses to the pandemic needed to foster strong and inclusive growth.
- IMF mission highlighted the commitment of Honduras Government to fiscal prudence responses to the pandemic needed to foster strong and inclusive growth.
- 'IMF staff and the Honduran authorities held productive discussions regarding Fund support for the authorities' economic policies, including the evolving policy response to the pandemic.
- Subject to approval by the IMF Executive Board, staff proposes completing the third review, which would allow a disbursement of SDR 62.5 million (about $88 million)" said the statement.
- Minister of finance Marco Midence highlighted that this agreement is an outstanding achievement and it will allow Honduras to access concessional credit amidst the economic social and economic reactivation of the country.