President of the Central Bank of Honduras (BCH), María Elena Mondragón, announced that a mission from the International Monetary Fund (IMF), will arrive in Honduras next week. Ten days remain for assessing the compliance of INPREMA with the economic program of 2011, and initiating talks for the feasibility of signing a new agreement. BCH President […]
The International Monetary Fund (IMF) may want Honduras to devalue the currency, according to the report issued reviewing Honduras’ macroeconomic policy. The good news, is that they project a gradual recovery in economic activity for Honduras in 2010. Executive Board Assessment The “Executive Directors noted that the global slowdown and domestic political tensions in 2009 […]
Today, Fitch Ratings has affirmed the ratings of the Central American Bank for Economic Integration (CABEI) as follows: -Long-term foreign currency Issuer Default Rating (IDR) at ‘A-‘; -Short-term IDR at ‘F2’; -USD500 million medium-term note due 2014 at ‘A-‘. The Rating Outlook is Stable. CABEI is a Central American multilateral development bank (MDB) based in […]
The political crisis in Honduras “expanded” the impact of the global recession on Honduras’ economy, the Economic Commission for Latin America and the Caribbean (ECLAC) said Monday. The Santiago-based ECLAC, said that the unstable political situation in the country had a negative impact on Honduras’ economy, which is highly dependent on external aid. “Honduras is […]
The Center for Economic and Policy Research released a new report on the Honduran economy today. The report finds that the economy has become especially vulnerable to the combined impacts of the world recession and the political crisis that has followed the events of June 28th. “The whole region (Central America) has been hit by […]