IMF Staff Concludes Visit To Honduras
TEGUCIGALPA, Honduras – An International Monetary Fund (IMF) team led by Joyce Wong and supported by resident representative Christian Henn visited Tegucigalpa, Honduras, on June 20-24, 2022 to deepen discussions on the authorities' vision and their policy priorities.
At the conclusion of the visit, Wong issued the following statement:
“The team discussed with the authorities recent economic developments and the outlook for Honduras. Despite a strong rebound in economic activity, employment remains below pre-pandemic levels. High and rising inflation, driven by commodity prices and subsequent economic shocks amid strong remittances, is exposing the most vulnerable Hondurans.
“In the face of these challenges, the team discussed with the authorities their policy priorities within their social program, which they would like to be supported by deeper engagement with the Fund. The authorities emphasized the priority to reduce poverty, protect the most vulnerable, and foster inclusive growth. They also plan to tackle corruption and strengthen governance and transparency, including by improving public financial management. To this end, they have passed legislation to eliminate trust funds and are in the process of reviewing tax exemptions to make the tax system more equitable. This would create fiscal space to boost much-needed investment and support social spending.
“The authorities reiterated their commitment to honor the country's debts and to maintain debt sustainability. They are improving debt management with international assistance and aim to gradually improve the debt service profile. The government highlighted the importance of implementing energy reforms to improve the functioning of the national electricity company (ENEE) and the electricity sector.
“The IMF team would like to thank the authorities for their kind hospitality and candid discussions.”

Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- Mutuum Finance (MUTM) New Crypto Coin Eyes Next Price Increase As Phase 6 Reaches 50% Sold
- Tradesta Becomes The First Perpetuals Exchange To Launch Equities On Avalanche
- Bydfi Joins Korea Blockchain Week 2025 (KBW2025): Deepening Web3 Engagement
- Over US$13 Billion Have Trusted Pendle, Becoming One Of The Largest Defi Protocols On Crypto
- Cregis Joins TOKEN2049 Singapore 2025
- Daytrading Publishes New Study Showing 70% Of Viral Finance Tiktoks Are Misleading
Comments
No comment