 It not been swift to implementing structural changes such as privatization of the publicly owned telephone and energy distribution companies—changes which are desired by the IMF and other international lenders.Honduras received significant debt relief in the aftermath of Hurricane Mitch, including the suspension bilateral debt service payments and bilateral debt reduction by the Paris Club—including the US – worth over $400  million.In July 2000, Honduras reached its decision point under the Heavily Indebted Poor Countries Initiative (HIPC), qualifying the country for interim multilateral debt relief.