Honduran State Has “Stopped Working”

Filed under Business - Economics, Headline News

Our country of Honduras has been on the brink of bankruptcy for months, and is facing a fiscal and financial crisis, with a foreign debt of over five billion U.S. Dollars.

Experts say the crisis has been fueled by a mixture of state corruption, the fact that 2013 is an election year in the country, and (most likely) an economy that was already struggling.

Opinions about the matter are world-wide, “In many ways, the State has stopped working,” said Robert Naiman, policy director of “Just Foreign Policy”, a Washington-based organization that seeks to reform U.S. foreign policy.

The Honduran government payroll has almost reached a standstill; the army has not been paid regularly since September, teachers have been protesting almost daily for six months because the government has failed to pay them, while doctors complain that since October there hasn’t been an adequate amount of medicines and instruments for their work.

Honduras President Porfirio Lobo Sosa

Honduras President Porfirio Lobo Sosa

President Lobo addressed the situation, saying that, “… we have to have faith, I strongly disagree that we cannot get ahead” … “We have turned the page, and we look forward, with humility. I accept my mistakes, and it is not that I want to do harm, but I pray to God every morning to enlighten me …”


 

You must be logged in to post a comment Login