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Honduras: Request for a Stand-by Arrangement and an Arrangement Under the Standby Credit Facility:Staff Report Press Release

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by International Monetary Fund. West Dept.
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Honduras: Request for a Stand-by Arrangement and an Arrangement Under the Standby Credit Facility:Staff Report Press Release by International Monetary Fund. West Dept.

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.

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Ebook Details
Pages: 94
Size: 1.5 MB
Publisher: INTERNATIONAL MONETARY FUND
Date published:   2014
ISBN: 9781498360852 (DRM-EPUB)

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Nonfiction > Business & Economics > Money & Monetary Policy
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01/17/2017
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