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Prudent fiscal management and sizeable net debt repayments have led to an improvement in Honduras’ debt dynamics compared to the September 2023 full DSA, resulting in an end-2023 public debt stock of 48 percent of GDP, 4 p.p. lower than projected at program approval. Risk ratings remain unchanged, with Honduras’ risk of external debt distress assessed low, while the risk of overall public debt distress is moderate. Honduras maintains a strong debt-carrying...
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