연구정보
Honduras: Request for a Stand-by Arrangement and an Arrangement Under the Standby Credit Facility - Staff Report; Press Release
중남미 일반 국외연구자료 기타 IMF IMF 발간일 : 2014-12-24 등록일 : 2015-01-02 원문링크
Abstract
The government of President Hernandez inherited a difficult macroeconomic situation upon taking office in January 2014. Economic growth decelerated significantly in 2013, driven mainly by lower private demand from policy uncertainty and by weaker trade-partner growth. The fiscal accounts weakened considerably in 2011–13, reflecting sizeable increases in government spending and in the deficit of the state-owned electricity company. The relaxation of fiscal policy has led to a rapid increase in public debt, which would continue into the medium term absent a change in economic policies. The balance of payments position has also weakened over the last three years, reflecting both expansionary macroeconomic policies and a less favorable terms of trade.