An IMF mission visited Honduras during February 28 to March 11 to conduct the first review of performance under the program approved by the Executive Board of the IMF on October 1, 2010. The mission wishes to thank the authorities for their cooperation.
The mission noted that all quantitative performance criteria for December 2010 were observed with ample margins, and that there have been significant advances in structural reforms. For 2011, the mission and the authorities reached understandings on the appropriate economic policies to support the economic recovery and reinforce macroeconomic stability. These understandings are subject to approval by the IMF’s Management and Executive Board, which is envisaged in late-April.