BCH Reaches Agreement with IMF

Honduras achieved an agreement with the International Monetary Fund (IMF) the president of the Central Bank of Honduras (BCH), Maria Elena Mondragon said today.

The Honduran senior official announced that on Monday, the board will know the report on the review of the fourth article, which was the reason for the arrival of the mission specialists who arrived in Honduras recently. The fourth article is a review that the IMF is required to do annually to all members, regardless of whether they agree or disagree.
This statement shows all aspects of the economy of a country.

On Thursday and Friday of next week, there will be a regional conference involving the presidents of central banks, finance ministers and superintendents of Central America, Panama and the Dominican Republic.

This financial forum will be held in Honduras, and many officials expect the International Monetary Fund, the Inter-American Development Bank (IDB) and the World Bank (WB).

“The idea is to exchange with all stakeholders in the region and the IMF on the role of this organism in a time of crisis as we are now in,” said the president of the BCH.

Currently the economic growth projection of Honduras is 2.8 percent, a figure lower than what the country needs to improve its macroeconomic indicators. According to the authorities of the BCH, the economic slowdown last year was more than two percent, and this year is expected to end in positive figures.

The Honduran government this year approved the start of a series of fiscal measures, according to Maria Elena Mondragon, that have shown good results, but suggested that the performance will not be seen until next year. In addition, actions are being taken in the Ministry of Finance to monitor and target public expenditure.

The BCH President believes that it is useless to have strategies to increase revenue, if there is no policy to control the money of the State.


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