TEGUCIGALPA, June 16 (Reuters) - Honduran economic growth is seen slowing to about 3% in 2023, the International Monetary Fund (IMF) estimated in a statement issued on Friday, pointing to fewer remittances and pressures on the energy and farm sectors stemming from drought conditions.
Honduran authorities said earlier this week they would begin rationing electricity due to the drought's impact on the country's hydroelectric plants.
A drought linked to El Nino weather phenomenon is affecting much of Central America and is expected to cut into the region's harvests.
"Honduras remains one of the world's most vulnerable countries to climate disasters, with sizeable adaptation investment needs," the IMF statement said.
Reporting by Gustavo Palencia; Writing by Valentine Hilaire; Editing by David Alire GarciaOur Standards: The Thomson Reuters Trust Principles.
Persons:
Gustavo Palencia, Valentine Hilaire, David Alire Garcia
Organizations:
International Monetary Fund, Central, IMF, Thomson
Locations:
TEGUCIGALPA, Honduran, Nino, Central America, Honduras