Honduras First Fiscal Sustainability and Enhanced Competitiveness DPF

Abstract*

The development objective of the First Fiscal Sustainability and Enhanced Competitiveness Development Policy Financing (DPF) Program Project for Honduras is to support the Government’s efforts in: (i) strengthening institutional arrangements to support fiscal sustainability; and (ii) enhancing the regulatory framework to promote competitiveness. Honduras has one of the highest poverty rates in the Western hemisphere. As identified in the systematic... Show More

Development Objective

The Program Development Objective of the Development Policy Financing (DPF) is to support the Government’s efforts in (i) strengthening institutional arrangements to support fiscal sustainability; and (ii) enhancing the regulatory framework to promote competitiveness.

Key Details

Project Details

Project ID
P155920
Status
Closed
Team Leader
Ewa Korczyc , Marco Hernandez Ore, Liliana Sousa
Borrower 2
Secretaria de Finanzas

Country
Honduras
Disclosure Date
November 9, 2015
Approval Date
(as of board presentation)
December 15, 2015
Effective Date
December 28, 2015

Total Project Cost 1
US$ 50.00 million
Implementing Agency
EMPRESA NACIONAL DE ENERGIA ELÉCTRICA (ENEE),Instituto Nacional de Estadísticas (INE)
Region
Latin America and Caribbean
Fiscal Year 3
2016

Commitment Amount
US$ 50.00 million
Environmental Category
N/A
Environmental and Social Risk
Not Applicable
Closing Date
March 30, 2017

Last Stage Reached
BANK APPROVED
Last Update Date
August 16, 2023

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Economic Policy

FY17 - Fiscal Policy16%
- FY17 - Fiscal sustainability16%
FY17 - Trade12%
- FY17 - Trade Facilitation12%

FY17 - Private Sector Development

FY17 - Business Enabling Environment13%
- FY17 - Regulation and Competition Policy13%

FY17 - Public Sector Management

FY17 - Public Administration14%
- FY17 - Transparency, Accountability and Good Governance14%
FY17 - Public Finance Management30%
- FY17 - Debt Management16%
- FY17 - Public Expenditure Management14%

FY17 - Social Development and Protection

FY17 - Social Protection17%
- FY17 - Social Safety Nets17%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	50.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	50.00
IBRD + IDA Commitment	50.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	50.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

No data available.

Detailed Financial Activity as of July 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Feb 1, 2017	IDA-57500	Int Charges	340,000.03
Aug 1, 2016	IDA-57500	Int Charges	355,000.03
Aug 1, 2016	IDA-57500	Int Charges	355,000.03
Aug 1, 2016	IDA-57500	Int Charges	60,444.45
Aug 1, 2016	IDA-57500	Int Charges	340,000.03
Aug 1, 2016	IDA-57500	Int Charges	63,111.11
Aug 1, 2017	IDA-57500	Int Charges	355,000.03
Aug 1, 2017	IDA-57500	Int Charges	355,000.03
Aug 1, 2017	IDA-57500	Int Charges	340,000.03
Feb 1, 2024	IDA-57500	Loan Repay	825,000.00
Dec 15, 2015	IDA-57500	Loan Commitment	50,000,000.00
Feb 1, 2018	IDA-57500	Int Charges	355,000.03
Feb 1, 2024	IDA-57500	Int Charges	319,855.03
Feb 1, 2024	IDA-57500	Int Charges	319,855.03
Feb 1, 2024	IDA-57500	Int Charges	306,340.03
Aug 1, 2024	IDA-57500	Loan Repay	825,000.00
Aug 1, 2024	IDA-57500	Int Charges	313,997.53
Aug 1, 2024	IDA-57500	Int Charges	313,997.53
Aug 1, 2024	IDA-57500	Int Charges	300,730.03
Aug 1, 2023	IDA-57500	Loan Repay	825,000.00
Aug 1, 2023	IDA-57500	Int Charges	325,712.53
Aug 1, 2023	IDA-57500	Int Charges	325,712.53
Aug 1, 2023	IDA-57500	Int Charges	311,950.03
Feb 1, 2022	IDA-57500	Int Charges	343,285.03
Feb 1, 2022	IDA-57500	Int Charges	328,780.03
Feb 1, 2023	IDA-57500	Loan Repay	825,000.00
Feb 1, 2023	IDA-57500	Int Charges	331,570.03
Feb 1, 2023	IDA-57500	Int Charges	331,570.03
Feb 1, 2023	IDA-57500	Int Charges	317,560.03
Aug 1, 2022	IDA-57500	Loan Repay	825,000.00
Aug 1, 2022	IDA-57500	Int Charges	337,427.53
Aug 1, 2022	IDA-57500	Int Charges	337,427.53
Aug 1, 2022	IDA-57500	Int Charges	323,170.03
Feb 1, 2022	IDA-57500	Loan Repay	825,000.00
Feb 1, 2022	IDA-57500	Int Charges	343,285.03
Aug 1, 2021	IDA-57500	Int Charges	349,142.53
Aug 1, 2021	IDA-57500	Int Charges	349,142.53
Aug 1, 2021	IDA-57500	Int Charges	334,390.03
Aug 1, 2021	IDA-57500	Loan Repay	825,000.00
Aug 1, 2020	IDA-57500	Int Charges	355,000.03
Aug 1, 2020	IDA-57500	Int Charges	355,000.03
Aug 1, 2020	IDA-57500	Int Charges	340,000.03
Feb 1, 2021	IDA-57500	Loan Repay	825,000.00
Feb 1, 2021	IDA-57500	Int Charges	355,000.03
Feb 1, 2021	IDA-57500	Int Charges	355,000.03
Feb 1, 2021	IDA-57500	Int Charges	340,000.03
Aug 1, 2019	IDA-57500	Int Charges	355,000.03
Aug 1, 2019	IDA-57500	Int Charges	355,000.03
Aug 1, 2019	IDA-57500	Int Charges	340,000.03
Feb 1, 2020	IDA-57500	Int Charges	355,000.03
Feb 1, 2020	IDA-57500	Int Charges	355,000.03
Feb 1, 2020	IDA-57500	Int Charges	340,000.03
Feb 1, 2018	IDA-57500	Int Charges	355,000.03
Feb 1, 2018	IDA-57500	Int Charges	340,000.03
Aug 1, 2018	IDA-57500	Int Charges	355,000.03
Aug 1, 2018	IDA-57500	Int Charges	355,000.03
Aug 1, 2018	IDA-57500	Int Charges	340,000.03
Feb 1, 2019	IDA-57500	Int Charges	355,000.03
Feb 1, 2019	IDA-57500	Int Charges	355,000.03
Feb 1, 2019	IDA-57500	Int Charges	340,000.03
Dec 29, 2015	IDA-57500	Loan Disb	50,000,000.00
Aug 1, 2016	IDA-57500	Int Charges	63,111.11
Feb 1, 2017	IDA-57500	Int Charges	355,000.03
Feb 1, 2017	IDA-57500	Int Charges	355,000.03

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Program Management	Satisfactory	2017-04-07
Progress towards achievement of PDO	Moderately Satisfactory	2017-04-07
Monitoring and Evaluation	Satisfactory	2017-04-07
Overall Implementation Progress (IP)	Moderately Satisfactory	2017-04-07

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-27-2018
Outcomes	Moderately Satisfactory
Risk to Development Outcome	Substantial
Bank Performance	Moderately Satisfactory
Borrower Performance	Moderately Satisfactory
Government Performance	Substantial
Implementing Agency	Moderately Satisfactory

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 05-01-2019	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome	Substantial	N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance	Moderately Satisfactory	N/a
Government Performance	Moderately Satisfactory	N/a
Implementing Agency	Not Rated	N/a
Icr Quality	Substantial	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

The deviation of actual from projected recurrent expenditure as specified in the medium-term fiscal framework is less than 10 percent in 2016 (against 2015 MTFF) and 2017 (against 2016 MTFF).	Value	Not available	Central Administration: 5.4 percentNon-financial	10 percent in 2016 and 2017
	Date	December 31, 2014	December 31, 2016	December 31, 2017
	Comment

ENEE’s financial deficit is reduced by at least 60 percent in nominal Lempiras relative to its level in 2014 (6,314 million).	Value	6,314 million Lempiras	2,557 million Lempiras	2,525 million Lempiras
	Date	December 31, 2014	November 30, 2016	December 31, 2017
	Comment

Share of the public sector workforce that has been evaluated by an institutional functional review is at least at 50 percent by 2017	Value	0.00	60.10	50.00
	Date	December 31, 2014	December 31, 2016	December 31, 2017
	Comment

Number of legal counsels trained to provide advice on a leniency application is at least 30 by end 2017 Value 0.00 82.00 30.00
Date December 31, 2014 December 31, 2016 December 31, 2017
Comment
Number of days to start a business Value 14.00 13.00 10.00
Date December 31, 2014 December 31, 2016 December 31, 2017
Comment
Number of days to export and import: Value Export: 12 daysImport: 16 days Export: 11 daysImport: 14 days Export: 11 daysImport: 14 days
Date December 31, 2014 December 31, 2016 December 31, 2017
Comment
Share of public debt issuances that are conducted using competitive auction mechanisms is at least 85 percent in 2017 Value 42.00 100.00 85.00
Date December 31, 2014 December 31, 2016 December 31, 2017
Comment

The number of children in extreme poor households attending 7th to 9th grade that receive cash transfers from the Bono Vida Mejor has increased by at least 60 percent relative to the number in 2015 (7	Value	The number of children in extreme poor households	Data not available	The number of children in extreme poor households
	Date	December 31, 2015	March 23, 2017	December 31, 2017
	Comment

Number of years for which the EPHPM microdata (2001-2015) used to calculate official poverty statistics have been made available through INE’s website or on Redatam:	Value	0.00	0.00	14.00
	Date	December 31, 2014	March 23, 2017	December 31, 2017
	Comment

Number of days to start a business	Value	14.00	13.00	10.00
	Date	December 31, 2014	December 31, 2016	December 31, 2017
	Comment

Number of days to export and import:	Value	Export: 12 daysImport: 16 days	Export: 11 daysImport: 14 days	Export: 11 daysImport: 14 days
	Date	December 31, 2014	December 31, 2016	December 31, 2017
	Comment

Share of public debt issuances that are conducted using competitive auction mechanisms is at least 85 percent in 2017	Value	42.00	100.00	85.00
	Date	December 31, 2014	December 31, 2016	December 31, 2017
	Comment