Honduras: Debt Sustainability Analysis 2006

International Monetary Fund

No 2006/442, IMF Staff Country Reports from International Monetary Fund

Abstract: In the IMF staff’s view, Honduras’s debt is subject to a moderate risk of distress. The framework follows a methodology for assessing the risk of debt distress in low-income countries (LICs), guided by indicative, country-specific external debt burden thresholds derived from the empirical finding that sustainable debt levels for LICs increase with the quality of policies and institutions. The debt sustainability analysis (DSA) is based on various assumptions. The evolution of the domestic debt has also improved. Two major exogenous factors and one policy assumption underlie the macroeconomic framework of the baseline scenario.

Keywords: ISCR; CR; Real GDP growth; U.S. dollar; current account; NPV of debt-to-revenue ratio; GDP deflator; long-term debt; HIPC debt relief; NPV of debt-to-GDP ratio; NPV of debt-to-revenues ratio; NPV terms; NPV of debt-to-revenue increase; sustainability Framework; Debt relief; Debt burden; Export performance; Central America (search for similar items in EconPapers)
Pages: 18
Date: 2006-12-14
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