IMF to Evaluate Honduras’ Subsidy

August 25, 2006

TEGUCIGALPA – An International Monetary Fund (IMF) technical mission Tuesday began evaluating the effect of Honduran government subsidies on the country, according to Finance Minister Rebeca Santos.

Santos told journalists the mission, made up of subsidy experts, will help the government create policies that allow it to “focus” subsidies on sectors that need them the most.

The mission’s objective is to “look for mechanisms to orient subsidies to the lowest-income populations and to prioritize sectors the state is strategically interested in promoting and supporting,” Santos said.

The government also hopes to establish a subsidy to freeze fuel prices and protect low-income sectors against the effects of continuously escalating fuel prices, she added.

The experts, who will be in Honduras for two weeks, will also analyze the impact of energy subsidies the government grants those who consume less than 300 kilowatts of electricity monthly.

According to statistics, the Honduran government designated at least $18.4 million in 2006 to subsidies to soften the impact of the rising prices of petroleum in local markets. The government also has a $14.7-million budget for energy subsidies.

 

Facebook Comments

You may be interested

Costa Rica confirms measles cases in children of United States citizens
Costa Rica
666 views
Costa Rica
666 views

Costa Rica confirms measles cases in children of United States citizens

Alejandro Zúñiga - March 21, 2019

Costa Rica is enacting a National Surveillance Protocol after confirming two cases of measles, the Health Ministry announced Thursday afternoon.…

Priest accused of sexual abuse arrested trying to leave Costa Rica
Costa Rica
669 views
Costa Rica
669 views

Priest accused of sexual abuse arrested trying to leave Costa Rica

AFP and The Tico Times - March 21, 2019

A Costa Rican Catholic priest accused of sexual abuse of a minor was arrested Thursday as he tried to leave…

Construction to begin on new terminal at Limón Airport
Costa Rica
313 views
Costa Rica
313 views

Construction to begin on new terminal at Limón Airport

Alejandro Zúñiga - March 21, 2019

The airport in Limón will soon have a modern passenger terminal and is slated to receive several other upgrades as…