01935cas a2200241 a 4500 AALejournalIMF015558 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513571874 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Honduras : First Reviews Under the Stand-By Arrangement and Standby Credit Facility-Press Release; Staff Report; Informational Annex; Staff Supplement; and Statement by the Executive Director for Honduras. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (84 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 Honduras' First Reviews Under the Stand-by Arrangement (SBA) and Standby Credit Facility (SCF). Program implementation for the first reviews has been strong. All 2014 performance criteria and indicative targets were met, most with significant margins. The authorities have also created fiscal space within the program to increase social spending and support efforts to reduce poverty. On the structural side, December 2014 and March 2015 benchmarks were also generally observed. The revised program proposed for 2015 envisages further strengthening fiscal and net international reserves targets. The IMF staff supports the completion of the first reviews under the SBA and the SCF Arrangements. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2015/283 Full text available on IMF http://elibrary.imf.org/view/journals/002/2015/283/002.2015.issue-283-en.xml IMF e-Library