Honduran economy will remain stable

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    For the authorities of the International Monetary Fund, macroeconomic conditions remain solid for Honduras and growth is expected to be stable in the coming years.

    After a rapid growth in 2017, economic activity is expected to reach 3.5% this year, close to its potential. In a context of high oil prices, year-on-year inflation to October was 4.66%, within the Central Bank’s target inflation range of 4 ± 1%.

    It is projected that in 2018 the current account deficit of the balance of payments will be 3.2% of GDP in an environment of lower terms of trade as a result of the fall in coffee prices and the increase in oil prices. Economic growth in the United States of America and prudent macroeconomic policies will sustain economic activity over the next few years. ”

    “The fiscal position is still anchored by the Fiscal Responsibility Law, and measures are being implemented to contain the financial situation of the National Electric Power Company. It is expected that by 2018 the deficit of the non-financial public sector will remain below the ceiling of 1.2% of GDP foreseen in the law. “” The mission and the authorities have agreed to continue talks leading to the negotiation of an economic program backed by an agreement with the IMF.”

    “The mission held exchanges with the President of the Central Bank and Head of the Economic Cabinet Wilfredo Cerrato, the Minister of Finance Rocío Tábora, and the Minister Director of the Administration of Revenue Service Miriam Guzmán