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Caribbean & Central America - April 2014 (ISSN 1741-4458)
HONDURAS: Hernández government “confident” of IMF accord
President Juan Orlando Hernández tweeted that he was “very happy” with the statement issued by the International Monetary Fund (IMF) following its 26 March-8 April visit to Honduras to conduct the 2014 Article IV consultation. The deputy finance minister, Carlos Borjas, said the government hoped to reach agreement with the Fund on a new stand-by loan agreement (SBA). The last US$212m SBA ran out in March 2012 and was not renewed after Tegucigalpa said it couldn’t accept the Fund’s fiscal prescriptions.
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