02222cas a2200241 a 4500 AALejournalIMF021423 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513564166 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Honduras : Third Reviews Under the Stand-By Arrangement and Arrangement Under the Standby Credit Facility, Requests for Extension and Rephasing of the Arrangements, Waiver of Nonobservance of Performance Criterion, and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Honduras. Washington, D.C. : International Monetary Fund, 2020. 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 The near-term outlook has worsened, while a recovery is expected for next year. Amid a weak health system and a surge in infections over the summer, the gradual reopening of the economy has faced setbacks and the pandemic is having a stronger and more protracted social and economic impact than expected. While the policy response to the Covid-19 shock was appropriately designed, there have been implementation challenges and delays. The authorities' monitoring system of pandemic-related spending and civil society oversight helped identify missteps to implement corrective actions, for which they are receiving technical assistance from FAD and the Inter-American Development Bank (IDB). More recently, Honduras is also facing the challenge to respond to two tropical storms, which the authorities intend to manage within the contour of the current economic program. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2020/319 Full text available on IMF http://elibrary.imf.org/view/journals/002/2020/319/002.2020.issue-319-en.xml IMF e-Library