To approval the third and fourth review of the agreement with the IMF – The Grandstand.hn

The second half of October will enter approval of the Executive board of the International Monetary Fund (IMF) in Washington, the third and fourth review that was conducted months ago, the program Stand By with Honduras, announced this Wednesday the ministry of Finance (Mof).

The owner of the Mof and coordinator of the economic cabinet, Wilfredo Cerrato, clarified that the mission of the International Monetary Fund do not come to Honduras, "the mission came in mid-year."

he Indicated that at that time, the technicians of the agency evaluated the economic indicators of the country and the parties to the agreement, which was signed in December of 2014.

Then, the head of mission Roberto Garcia Saltos read a press release with the preliminary details of the review in which it highlighted the fulfillment of all the objectives for the engagement with the agency.

Now what follows is the submission of the report "to the board of the International Monetary Fund. This report will be presented in the second half of October, specified, as some public holidays in the united States have avoided to perform an additional evaluation.

"Not only going to evaluate the third review, but also the fourth revision of the agreement, to do this we had to update the numbers and the results a month ago. Already been handed over to the International Monetary Fund", he said.

Reiterated that "there comes a mission, but in the second half will be an address in the directory of the International Monetary Fund the third and fourth review of the agreement with Honduras". In that sense, the official said that they expect to "get out well, because the objectives have been met".

a member of the board discusses all aspects of the work of the IMF, from the annual assessments of the economic situation of the member countries carried out by the technical staff until economic policy issues of importance to the global economy.

The directory is to adopt decisions by consensus, but sometimes are held ballots formal. The number of votes of each member country is equal to the sum of its basic votes, which are distributed equally among all the member countries, more votes based on the share.

therefore, the quota of a member country determines its number of votes. At the end of most formal meetings, the board summarizes its views in a document called a brief statement.

Also they may be held informal meetings to discuss issues of economic policy complex at a preliminary stage. the (JB)