Honduran Bonds Rally since the election of Juan Orlando Hernandez as the President of Honduras for the 2014 to 2018 term.

Economic growth in the impoverished Central American nation accelerated to 3.1 percent in 2014 after expansion of 2.6 percent the previous year.

“Gross domestic product (growth) will reach up to 3.5 percent due to expectations for a recovery in the United States economy, activity in the financial sector, the communications sector and the manufacturing export industry,” Honduran Central Bank President Marlon Tabora told a news conference.

The Honduran budget deficit eased to 4.4 percent of GDP in 2014 from 7.9 percent the previous year, the bank added.

Honduran President Juan Hernandez significantly reined in spending after taking power in January 2014.