Honduras: Enhanced Initiative for Heavily Indebted Poor Countries Completion Point Document

International Monetary Fund

No 2005/386, IMF Staff Country Reports from International Monetary Fund

Abstract: The paper discusses the consideration of Honduras’s Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). The interim relief provided under the enhanced HIPC Initiative has allowed the government to increase social spending. Controlling the public sector wage bill and maintaining strong revenue collection is critical for sustaining a stable macroeconomic framework and adequate poverty reduction efforts. Efforts are also needed to reduce vulnerabilities and improve the resilience to external shocks by introducing more flexibility into the exchange rate regime.

Keywords: ISCR; CR; exchange rate; long-term debt; current account; discount rate; Honduran authorities; financial system; capital adequacy ratio; real GDP; balance of payments; sensitivity analysis; NPV terms; Debt relief; Debt service; Stocks; Basel Core Principles; Central America (search for similar items in EconPapers)
Pages: 54
Date: 2005-10-31
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=18664 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2005/386

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().