Honduras Bets on IMF Deal as Country’s Bonds Return 18%
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Honduras’s government is betting that an accord with the International Monetary Fund will unlock $500 million to help the country boost growth in an economy plagued by one of the world’s highest levels of violence.
“I think that we are in better conditions than ever to reach an agreement,” President Juan Orlando Hernandez told reporters in Washington today. “The sovereign bonds already reflect a different attitude from the market toward Honduras.”