Honduran Lempira Could be Devalued

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 […]

BCH President to Meet with IMF

The President of the Central Bank of Honduras (BCH) Maria Elena Mondragon, traveled today to Washington D.C. to Participate in the Annual Meeting of Governors of the International Monetary Fund (IMF), which is being held on Sunday. While staying in the capital of the United States, Maria Mondragon will hold meetings with representatives of other […]

IMF Concludes Mission Trip to Honduras

International Monetary Fund (IMF) said that Honduras should contain current spending because they feel expansionary policies are not sustainable. Mario Garza, the IMF representative observed that, “Despite a decline in public investment, the fiscal deficit rose markedly due to a substantial increase in current spending — mainly the wage bill — leading to a large […]

Loans Resuming for Honduras

Loans Resuming for Honduras

Too Many Bills? Need Cash FAST? The World Bank, International Monetary Fund (IMF) and Inter-American Development Bank (IADB) member countries are now offering loans to Honduras. “In a meeting today the board decided to resume lending to Honduras,” a spokesperson for the regional development bank said. Honduras will be welcoming persons in the coming weeks […]