Honduras - Joint World Bank-IMF Debt Sustainability Analysis

The Debt Sustainability Analysis (DSA) indicates that Honduras stands at low risk of debt distress both for public external debt and overall debt, which represents an upgrade from the 2018 DSA, where risk of debt distress was assessed as moderate....

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Main Authors:	World Bank, International Monetary Fund
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	DEBT DISTRESS DEBT SERVICE BURDEN CONTINGENT LIABILITY EXTERNAL DEBT PUBLIC SECTOR DEBT PUBLIC AND PUBLICLY GUARANTEED DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION
Online Access:	http://documents.worldbank.org/curated/en/298461570770698277/Honduras-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019 http://hdl.handle.net/10986/32558

id	okr-10986-32558
recordtype	oai_dc
spelling	okr-10986-325582021-05-25T09:28:37Z Honduras - Joint World Bank-IMF Debt Sustainability Analysis World Bank International Monetary Fund DEBT DISTRESS DEBT SERVICE BURDEN CONTINGENT LIABILITY EXTERNAL DEBT PUBLIC SECTOR DEBT PUBLIC AND PUBLICLY GUARANTEED DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION The Debt Sustainability Analysis (DSA) indicates that Honduras stands at low risk of debt distress both for public external debt and overall debt, which represents an upgrade from the 2018 DSA, where risk of debt distress was assessed as moderate. The DSA was undertaken under the revised debt-sustainability framework for low income countries (LIC DSF), whereby Honduras’s debt carrying capacity was upgraded from medium to strong. Changes in the debt-sustainability framework have contributed to the risk of debt distress improvement. A proven record of compliance with the Fiscal Responsibility Law (FRL) and solid macroeconomic conditions also contributed to rate Honduras’ risk of debt distress as low. Going forward, adherence to the FRL and institutional reforms to boost inclusive growth and increase the economy’s potential are critical to maintain debt sustainability. 2019-10-17T17:56:13Z 2019-10-17T17:56:13Z 2019-07 Report http://documents.worldbank.org/curated/en/298461570770698277/Honduras-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019 http://hdl.handle.net/10986/32558 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Debt and Creditworthiness Study Latin America & Caribbean Honduras
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	DEBT DISTRESS DEBT SERVICE BURDEN CONTINGENT LIABILITY EXTERNAL DEBT PUBLIC SECTOR DEBT PUBLIC AND PUBLICLY GUARANTEED DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION
spellingShingle	DEBT DISTRESS DEBT SERVICE BURDEN CONTINGENT LIABILITY EXTERNAL DEBT PUBLIC SECTOR DEBT PUBLIC AND PUBLICLY GUARANTEED DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION World Bank International Monetary Fund Honduras - Joint World Bank-IMF Debt Sustainability Analysis
geographic_facet	Latin America & Caribbean Honduras
description	The Debt Sustainability Analysis (DSA) indicates that Honduras stands at low risk of debt distress both for public external debt and overall debt, which represents an upgrade from the 2018 DSA, where risk of debt distress was assessed as moderate. The DSA was undertaken under the revised debt-sustainability framework for low income countries (LIC DSF), whereby Honduras’s debt carrying capacity was upgraded from medium to strong. Changes in the debt-sustainability framework have contributed to the risk of debt distress improvement. A proven record of compliance with the Fiscal Responsibility Law (FRL) and solid macroeconomic conditions also contributed to rate Honduras’ risk of debt distress as low. Going forward, adherence to the FRL and institutional reforms to boost inclusive growth and increase the economy’s potential are critical to maintain debt sustainability.
format	Report
author	World Bank International Monetary Fund
author_facet	World Bank International Monetary Fund
author_sort	World Bank
title	Honduras - Joint World Bank-IMF Debt Sustainability Analysis
title_short	Honduras - Joint World Bank-IMF Debt Sustainability Analysis
title_full	Honduras - Joint World Bank-IMF Debt Sustainability Analysis
title_fullStr	Honduras - Joint World Bank-IMF Debt Sustainability Analysis
title_full_unstemmed	Honduras - Joint World Bank-IMF Debt Sustainability Analysis
title_sort	honduras - joint world bank-imf debt sustainability analysis
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/298461570770698277/Honduras-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019 http://hdl.handle.net/10986/32558
_version_	1764476791886446592

Honduras - Joint World Bank-IMF Debt Sustainability Analysis

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