Honduras, June 15 -- The Board of Executive Directors of the Inter-American Development Bank (IDB) has approved a $100 million programmatic policy-based loan to support structural reforms that will strengthen fiscal sustainability in Honduras. The loan is the first of two standalone, but technically linked operations, designed to strengthen regulatory and institutional capacity that improve the country's fiscal resilience to external shocks. The first IDB operation will strengthen the country's fiscal responsibility framework and enhance institutional capacity for macrofiscal management within the Ministry of Finance. It will also support reforms to improve efficiency, oversight, and transparency of tax incentives, and promote key improveme...