Honduras: Selected Issues and Analytical Notes

International Monetary Fund

No 2016/363, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper uses efficiency frontiers for benchmarking of social spending in Honduras. The results reveal significant room to improve public health and education spending efficiency with potentially large fiscal savings. From an input-oriented point of view, Honduras performs poorly in education and health spending efficiency. From an output-oriented point of view, health spending efficiency appears to be in line with regional comparators, while there is room to improve efficiency in secondary education. In health and education spending, the priority is to tackle the disconnection between compensation benefits and labor productivity.

Keywords: ISCR; CR; deficit position; banking system; central bank; banking sector; interest rate; capital structure; hard currency; technical efficiency; Oil prices; Exchange rate risk; Commercial banks; Currencies; Central America; Global (search for similar items in EconPapers)
Pages: 55
Date: 2016-11-22
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