Honduras - Current economic position and prospects

RESTRICTED Report No. WH- 158a This report was prepared for use within the Bank and its affiliated organizations. They do not accept responsibility for its accuracy or completeness. The report may not be published nor may it be quoted as representing their views. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION CURRENT ECONOMIC POSITION AND PROSPECTS OF HONDURAS April 27, 1966 Western Hemisphere Department  CURRENCY EQUIVALENTS U.S. $1. 00 2 Lempiras (L)  TABLE OF CONTENTS Page No. BASIC DATA SUIKARY AND CONCLUSIONS i - ii I. ECONOMIC GROTWTH 1 II. AGRICULTURR AND EXPORTS 2 Major Export Crops 3 Basic Food Crops 4 Export Diversification X III. INDUSTRY AND THE COSMMON M4ARKET 5 Production and Investment 6 The Common Market 7 IV. PUBLIC FINANCE AND INVESTMENT 9 Central Government Revenues and Expenses 9 The Development Plan 11 Public Investment and its Financing 11 Table: Main New Public Investment Projects 1966-1970 13 V. MONEY AND THE BALANCE OF PAYMENTS 1-4 Monetary Policy 14 The Balance of Payments 15 External Debt 16 VI. CREDITWORTBINESS 17 ANNEX I - EXPORT PROJECTIONS STATISTICAL APPENDIX MAP This report is based on the findings of a mission in November/ December 1965 to Honduras composed of Mr. Hans Schmitt of the Bank. Messrs. Weiner, Havlik, Guerra and Zenick of the Bank also contributed materially to its preparation. i Aat >t SS-S'''l