Weekly Report - 24 August 2023 (WR-23-34)

HONDURAS | Staff-level agreement reached with IMF. The International Monetary Fund (IMF) has reached a staff-level agreement with Honduran authorities on a 36-month arrangement under the Extended Fund Facility (EFF) and Extended Credit Facility (ECF) for US$830m to support Honduras’ economic reform policies. The agreement was announced following a visit to Tegucigalpa by an IMF delegation headed up by IMF Mission Chief for Honduras Ricardo Llaudes. An IMF press release hails the fact that the Honduran economy has remained “remarkably resilient to several shocks”, both domestic and external, including the coronavirus (Covid-19) pandemic, weather events, the impact of the Ukraine war, and the global economic slowdown.

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