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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 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
Table Of Contents
Contents; I. Background; II. Recent Developments and Policies; III. The Economic Program for 2010-11; A. Macroeconomic Framework; B. Fiscal Policy; C. Monetary and Exchange Rate Policies; D. Anti-Poverty Spending; E. Financial Sector; F. Risks; IV. Program Modalities; V. Capacity to Repay the Fund; VI. Staff Appraisal; Figures; 1. Real Sector Developments; 2. Fiscal Developments; 3. Monetary and Financial Developments; 4. External Sector Developments; Tables; 1. Selected Economic Indicators; 2. Operations of the Central Government (Annual)
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (75 p.)
Specific Material Designation
Form Of Item

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