IMF Mission Reviews Honduras Economy and Policy Progress

In light of recent media reports, Emilio Fernandez Corugedo, IMF Mission Chief issued the following statement:

“IMF staff are currently in Honduras to conduct a review of the program under the Extended Fund Facility (EFF) and the Extended Credit Facility (ECF). This review is part of our regular engagement to assess economic performance and support policy reforms that promote macroeconomic stability and inclusive growth.  

“In the past week, we have had productive discussions with the Honduran authorities and other stakeholders on economic developments and we will issue an end-of-mission statement  that will provide an update on all key findings. 

“During our discussions, I reiterated the view that IMF support to Honduras aims to enhance policies that can foster sustainable public finances and equitable growth whilst protecting the most vulnerable. The economic policies enacted under the authorities’ Fund-supported program have successfully fostered macroeconomic stability amid fiscal prudence and healthy accumulation of international reserves. Our focus is on supporting the country’s economic development and the well-being of the people of Honduras.

 “Continued implementation of agreed-upon structural policies under the Fund-supported program, including further actions to create fiscal space to support needed public investment and social spending, is key. The Fund continues to recognize the importance of actions to reduce tax exemptions, which are elevated compared to other countries in the region. Such tax reform continues to be part of the economic agenda of the government. Going forward, we also continue to prioritize work with all pertinent actors ahead of the 2026 Financial Action Task Force evaluation.”