Honduras

Honduras’ Central Bank Governor, Rebeca Santos, has highlighted the IMF’s pressure for a currency devaluation, which she believes would adversely affect the Honduran populace. Despite IMF suggestions that an exchange rate adjustment could balance the FX market, Santos cites speculative pressures and substantial purchasing power within certain sectors as reasons for maintaining the current rate. She expects the country’s economic growth for 2023 to surpass the IMF’s forecast, aiming for a 3.6% increase, contrasting with the IMF’s projection of below 3%.