[ad_1]
Tegucigalpa – We are ready for the first review of the program signed with the International Monetary Fund (IMF), but said the organization asked not only for data for 2023, but also for forecasts for the first quarter of this year, with “more pronounced adjustments”, said on Tuesday the president of the Central Bank of Honduras (BCH), Rebeca Santos.
The senior official noted that the adjustment request was related to monetary and foreign exchange policies, but he pointed out that “we have our own interpretation of the country’s realities.”
He said he would not elaborate on the extent of the adjustments or reveal in which areas the IMF had made requests because “we are sitting at the negotiating table.” Santos spoke about the issue on the Televicentro program “Frente a Frente” directed by Renato Alvarez.
The BCH chief said IMF officials had called for greater reforms but “we disagreed.”
BCH announced on Monday that the monetary policy rate (MPR) will be increased by 100 basis points, from 3% to 4%.
The head of the country’s monetary and foreign exchange policy said that since April they are ready to provide data on compliance with the agreement with the IMF and that they have held six working meetings since May last year, when she responded to the question of when the IMF mission will come to Honduras.
The agreement with the IMF provides for regular reviews, which, if approved by the organization’s board, would release funds to comply with loan regulations, which would strengthen international reserves.
Santos noted that the meeting assessed the pressure of international reserves on economic activity. (PD).
[ad_2]
Source link
