In a recent evaluation, the International Monetary Fund (IMF) highlighted a surge in economic growth for Honduras, anticipating a 3% increase by the end of the year. This forecast comes despite challenges such as rising oil prices and a trend of decreasing inflation.
During their visit earlier this week, IMF representatives reviewed Honduras' economic program, which is supported by the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF). The IMF's positive outlook is partly attributed to several key reforms implemented by Honduran authorities. These reforms include:
- A customs reform aimed at improving efficiency in trade and revenue collection.
- The introduction of an electronic asset declaration system to enhance transparency.
- The establishment of a public borrowing policy designed to manage debt sustainably.
The IMF emphasized the importance of maintaining stability and promoting investment as essential drivers for continued economic growth. The organization's support through the ECF and EFF programs reflects confidence in Honduras' economic strategy and its potential to yield positive results in the face of global economic pressures.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.