nternational Monetary Fund has reached a staff-level agreement with Honduras on a loan program
“The only thing I can say at this stage is we’ve reached an agreement at a staff level in our department with the authorities on the program,” Robert Rennhack, deputy director of the IMF’s Western Hemisphere Department, said on Friday.
“I don’t want to go into the details yet until we have the final approval. But it certainly will involve a strong fiscal adjustment.”
Honduran President Juan Orlando Hernández first announced the agreement on his Twitter feed on Thursday, saying he expected a final agreement on a $200 million loan program on Nov. 10.
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