LatinNews Regional Monitor: Caribbean & Central America - 16 July 2019

* Honduras’ Finance Minister Rocio Tabora has announced that Honduras will soon have access to a 24-month blended Stand-By Arrangement (SBA) and Standby Credit Facility (SCF) for US$311m with the International Monetary Fund (IMF). The funds are intended to support Honduras’ national electric energy company (ENEE) and maintain macroeconomic stability. In a press conference, Tabora said that the agreement, reached on 6 May, “signifies that we are on the right path, and that there is confidence from the international community in our economic system”. She also assured citizens that the agreement “does not imply budget cuts to education or health, nor layoffs, and on the contrary will allow us to better assure economic safety and security”.

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