01794cas a2200241 a 4500 AALejournalIMF005259 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451817201 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Honduras : Request for Stand-By Arrangement-Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Honduras. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (78 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses request from Honduras' authorities for a Stand-By Arrangement (SBA). Honduras has had three previous Poverty Reduction and Growth Facility (PRGF) arrangements, the last of which ended in February 2007. The most recent PRGF program focused on fiscal consolidation and structural reforms. However, the program went off track owing to large wage increases granted in 2006, including a four-year agreement with teachers. The authorities are now requesting a 12-month SBA covering economic policies through December 2008. In IMF staff's view, the authorities' program appropriately addresses emerging imbalances. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2008/241 Full text available on IMF http://elibrary.imf.org/view/journals/002/2008/241/002.2008.issue-241-en.xml IMF e-Library