Honduras - Development Policy Review : Accelerating Broad-based Growth

Honduras - Development Policy Review : Accelerating Broad-based Growth

This Development Policy Review (DPR) discusses Honduras's development agenda with a special focus on accelerating economic growth. This focus emerges from the Honduras Poverty Reduction Strategy Paper (PRSP), which identified growth as the mai...

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Bibliographic Details
Main Author:	World Bank
Format:	Country Economic Memorandum
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCOUNTING AIRPORTS BASIC EDUCATION CIVIL SERVICE CLIMATE CORRUPTION CROWDING OUT DEBT DEBT MANAGEMENT DEBT SERVICE DEFICITS DISASTERS ECONOMIC CONDITIONS ECONOMIC GROWTH EDUCATION OUTCOMES EDUCATION SERVICES ELECTIONS ELECTRICITY ELECTRICITY GENERATION EMPLOYMENT EXCHANGE RATE EXCHANGE RATES FINANCIAL ANALYSIS FINANCIAL MANAGEMENT FISCAL DISCIPLINE GROSS DOMESTIC PRODUCT HOUSING HUMAN CAPITAL IMPORTS INCOME INCOME DISTRIBUTION INCOME LEVELS INFLATION INFLATION RATES INFRASTRUCTURE SERVICES INNOVATION INSTITUTIONAL CAPACITY INTEREST RATES LABOR COSTS LABOR FORCE LABOR PRODUCTIVITY LATIN AMERICAN LEGAL FRAMEWORK LEGISLATION LEGISLATURES LICENSES MARKET LIBERALIZATION MUNICIPALITIES NATIONAL INCOME NEGOTIATIONS POLICY DECISIONS POLICY ENVIRONMENT POVERTY ALLEVIATION POVERTY LINE PRIVATE SECTOR PROCUREMENT PRODUCERS PRODUCTIVITY PRODUCTIVITY GROWTH PROPERTY RIGHTS PROVISIONS PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC GOODS PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR DEFICIT PUBLIC SECTOR WAGES PUBLIC SPENDING QUALITY ASSESSMENT QUOTAS REAL WAGES REGULATORY ENVIRONMENT REGULATORY FRAMEWORK RELAXATION ROADS SANITATION SANITATION SERVICES SAVINGS SCHOOLS SECURITIES SERVICES SECTOR TAX TAX REFORM TAX REVENUE TAX REVENUES TELECOMMUNICATIONS TERTIARY EDUCATION TRANSPARENCY TRANSPORTATION TREASURY VOCATIONAL TRAINING WAGES WEIGHT WORKERS
Online Access:	http://documents.worldbank.org/curated/en/2004/11/5505005/honduras-development-policy-review-accelerating-broad-based-growth http://hdl.handle.net/10986/14368

Description
Summary:	This Development Policy Review (DPR) discusses Honduras's development agenda with a special focus on accelerating economic growth. This focus emerges from the Honduras Poverty Reduction Strategy Paper (PRSP), which identified growth as the main determinant o f the evolution of poverty, and guides the review of policy developments in various economic, social and infrastructure sectors. To the extent that the measures and reforms recommended in this report are able to generate a more attractive investment climate in Honduras, they will clearly serve to promote a faster accumulation o f physical capital, which is one component of economic growth. The main thrust of most of these reforms, however, is to improve the quality of factor services and the efficiency of factor allocation, which, in a growth accounting framework, are reflected in faster productivity growth. Recommended are measures to expand the coverage and quality o f education, measures to promote financial market development, measures to remove price distortions, attract greater private investment and improve the regulatory framework, as well as measures contemplated on the governance front, especially in the area o f improving public sector financial management and the civil service.