The Debt Sustainability Analysis (DSA) indicates that Honduras remains at low risk of debt distress both for public external debt and overall debt. Honduras’ proven record of compliance with the Fiscal Responsibility Law (FRL) provides confidence that the response to the COVID-19 pandemic will not jeopardize debt sustainability. Going forward, continuous adherence to the FRL and institutional reforms to boost inclusive growth and increase the economy’s potential are critical to recover quickly from the crisis and maintain debt sustainability.
Details
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Document Date
2020/06/01
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Document Type
Board Report
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Report Number
150948
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2020/07/18
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Disclosure Status
Disclosed
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Doc Name
Honduras - Joint World Bank-IMF Debt Sustainability Analysis
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Keywords
real gdp; contingent liabilities; contingent liability; ratio of debt service to export; natural disaster; public debt; primary balance; market financing; total public debt; export ratio; debt-creating flow; commodity price; financing need; current account deficit; nominal interest rate; Public and Publicly Guaranteed; real interest rate; real exchange rate depreciation; high real interest rate; domestic debt; primary deficit; grace period; public sector debt; private external debt; dollar term; public domestic debt; total external debt; domestic debt market; public external debt; exchange rate change; external debt burden; external debt service; fiscal adjustment; baseline scenario; baseline projection; debt sustainability; central bank debt; commodity price shock; public debt dynamics; public pension fund; change in arrears; private sector debt; current account balance; source of financing; real growth rate; external debt sustainability; public sector borrowing; Effective interest rate; commercial bank financing; extra budgetary fund; social security fund; least developed country; nonfinancial public sector; foreign direct investment; state-owned enterprise; gross public debt; exchange rate projections; lower oil price; macroeconomic and fiscal; fixed interest rate; development policy credit; private investment rate; public debt sustainability; risk of debt; short-term debt; public company; escape clause
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Citation
Honduras - Joint World Bank-IMF Debt Sustainability Analysis (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/133121595079393525/Honduras-Joint-World-Bank-IMF-Debt-Sustainability-Analysis