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NEW YORK The International Monetary Fund said on Thursday it reached a staff-level agreement with Honduras and proposed to raise total support to $769 million to help the central American country recover from two hurricanes and the coronavirus pandemic.
The fund had initially planned to provide $554 through a Stand-By Arrangement and a Stand-by Credit Facility.
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“The increase is justified in the context of balance of payments needs brought on by the tropical storms and continued pandemic,” said Joyce Wong, the Fund’s team leader for Honduras.