IMF Executive Board Approves US$822 Million Arrangements Under the Extended Fund Facility and the Extended Credit Facility for Honduras and Concludes 2023 Article IV Consultation
September 21, 2023
- The Executive Board of the International Monetary Fund (IMF) approved arrangements under the Extended Fund Facility (EFF) and the Extended Credit Facility (ECF) for Honduras for a total of US$822 million.
- These arrangements provide support for the Honduran government’s economic and institutional reform agenda over the next three years. The program also aims to support the authorities’ efforts to improve governance and transparency and fight corruption.
- The program will advance policies needed to strengthen economic resilience and address structural bottlenecks to boost inclusive growth, including by increasing public investment while safeguarding macroeconomic stability.
Washington, DC : The Executive Board of
the International Monetary Fund (IMF) approved today an SDR 416.3 million
(about US$548 million) arrangement under the Extended Fund Facility (EFF)
and an SDR 208.2 million (about US$274 million) Extended Credit Facility
(ECF) for Honduras for a combined SDR 624.5 million (equivalent to…
