02552cas a2200241 a 4500 AALejournalIMF016113 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513523774 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Honduras : First Reviews Under the Stand-By Arrangement and the Arrangement Under the Standby Credit Facility, and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Honduras. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (71 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 highlights Honduras' First Reviews Under the Stand-By Arrangement and the Arrangement Under the Stand-By Credit Facility, and Request for Modification of Performance Criteria. Despite headwinds to growth and a challenging external environment, the Honduran authorities remain fully committed to the economic program supported by the IMF. They have maintained prudent macroeconomic policies-the fiscal position is in line with the Fiscal Responsibility Law, inflation is within the central bank's target band, and the current account deficit has narrowed despite adverse terms of trade-and have taken initial steps on structural reforms to promote sustained, inclusive growth. Important measures to strengthen the governance and anti-corruption frameworks have been incorporated into the program, adding to the ongoing efforts to strengthen the institutional framework in the central bank and in public finances, and to improve the business environment. The authorities are expected to protect the revenue mobilization efforts made over the past years to reduce the infrastructure gap and increase social spending. These efforts seem to be critical to reduce poverty and inequality, while maintaining a prudent fiscal position that secures debt sustainability over the medium term. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/377 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/377/002.2019.issue-377-en.xml IMF e-Library