Republic of Honduras - Country Partnership Framework

                                           Chair Summary*

                                           February 9, 2023


The Executive Directors discussed the joint IDA/IFC/MIGA Country Partnership Framework
(CPF) for the Republic of Honduras for FY23-FY27.

Directors recognized the challenges faced by Honduras as a country vulnerable to external
shocks, extreme natural hazards, disease outbreaks, ongoing crime and violence, and how these
risks disrupt the country’s development path and create migratory pressures. They expressed
concern about the weak governance environment in the country and stressed the critical
importance of addressing the cross-cutting issues of governance and corruption, and
strengthening institutions to enhance the country’s resilience and promote poverty reduction and
growth. Directors underscored the importance of continued support of key sectoral reforms in
the country, in particular in the energy sector, and efforts to address migration issues. They
welcomed the focus on promoting human development, inclusive economic development, job
creation, resilience to natural hazards and social inclusion. In this regard, they also valued the
focus on inclusion of youth, women, ethnic minorities, including indigenous people and
vulnerable groups.

Directors commended the various efforts to support private sector development. They called on
both the IFC and MIGA to seek opportunities to enhance the country’s productivity, improving
access to finance for minorities and women, and appreciated the collaboration across the WBG
on the employment issues. They called for continued WBG engagement in support to the private
sector where the WBG’s comparative advantage is clear and can lead to results. They also asked
for continued collaboration with the IMF on fiscal and debt management issues and continued
dialogue and cooperation with other development partners.




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*This Summary is not an approved record.