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LatinNews Daily - 12 April 2019

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In brief: Honduras

* According to a press release by the Honduran presidency, Honduras and the International Monetary Fund (IMF) have begun negotiations for a new economic agreement. According to the statement, the president of the Honduran central bank (BCH), Wilfredo Cerrato, travelled to the US alongside representatives from the finance ministry, the revenues administration service (SAR), and the national commission of banks and insurance (CNBS) to meet IMF representatives. Cerrato affirmed that there was not much difference between the economic forecasts of the IMF and BCH, but that “the IMF’s predictions are slightly higher than ours”. The bank’s president shared some of the figures that had been discussed: the lempira had fallen against the US dollar by 3.28% (IMF), devaluation will be at 3% by the end of the year (BCH), the BCH estimation for inflation, at 4%+/-1%, is lower than that estimated by the IMF.