Honduras: Debt Sustainability Analysis 2006

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 442

Publication date: December 2006

ISBN: 9781451817195

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Public Finance , ISCR , CR , Real GDP growth , U , S , dollar , current account , NPV of debt-to-revenue ratio , GDP deflator , long-term debt , HIPC debt relief , NPV of debt-to-GDP ratio , NPV of debt-to-revenues ratio , NPV terms , NPV of debt-to-revenue increase , sustainability Framework , Debt relief , Debt burden , Export performance , Central America

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Republic of Congo : 2001 Article IV

Summary

In the IMF staff’s view, Honduras’s debt is subject to a moderate risk of distress. The framework follows a methodology for assessing the risk of debt distress in low-income countries (LICs), guided by indicative, country-specific external debt burden thresholds derived from the empirical finding that sustainable debt levels for LICs increase with the quality of policies and institutions. The debt sustainability analysis (DSA) is based on various assumptions. The evolution of the domestic debt has also improved. Two major exogenous factors and one policy assumption underlie the macroeconomic framework of the baseline scenario.