Honduras: Recent Economic Developments

International Monetary Fund

No 1995/019, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper describes economic developments in Honduras during the 1990s. During 1990–93, Honduras adopted an economic program aimed at reducing macroeconomic imbalances and at greater openness and efficiency of the economy. Important structural reforms were carried out in the public, financial, and external sectors, and economic activity and nontraditional exports increased at a fast pace. However, the adjustment of macroeconomic imbalances was short lived as the fiscal deficit rose sharply in the run-up to the presidential elections of November 1993.

Keywords: ISCR; CR; dollar; financial system; GDP ratio; terms of trade; structural adjustment; base price; GDP deflator; debt-service obligation; capital goods; inflation rate; nominal exchange rate; Exports; Public sector; Commercial banks; Central America; Western Hemisphere (search for similar items in EconPapers)
Pages: 92
Date: 1995-03-14
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