Tuesday, December 9, 2014

IMF Executive Board Approves US$113.2 Million Stand-By Arrangement and US$75.4 Million Stand-By Credit Facility for Honduras

The Executive Board of the International Monetary Fund (IMF) yesterday approved a US$113.2 Stand-By Arrangement and a US$75.4 arrangement under the Stand-By Credit Facility1 (SBA/SCF) for Honduras for a combined SDR 129.5 million (about US$188.6 million or 100 percent of Honduras's quota). The arrangements are intended to support the authorities' three-year economic program, which aims to maintain macroeconomic stability and improve conditions for sustainable economic growth and poverty reduction.

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