Honduras News – Daily News about Honduras

Today, Fitch Ratings has affirmed the ratings of the Central American Bank for Economic Integration (CABEI) as follows:

-Long-term foreign currency Issuer Default Rating (IDR) at ‘A-’;
-Short-term IDR at ‘F2′;
-USD500 million medium-term note due 2014 at ‘A-’.

The Rating Outlook is Stable.

CABEI is a Central American multilateral development bank (MDB) based in Honduras. Honduras has publicly stated their commitment with CABEI, cleared the aforementioned loan arrears, and started the discussion to reinstate the ability of CABEI to accept deposits from Honduran banks; paving the way to come back to normal business relations with the sub regional MDB. In turn, CABEI has announced the restart of loan disbursements of previously approved loans to the country…Read full article here.

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The U.S. Ambassador to Honduras told the Dock Board of the Port of New Orleans on Thursday that the port plays a critical role in developing international trade and that the state’s “historic relationship” with the Central American country will continue to improve commercial ties.

“The whole Caribbean basin is one of the principle ports the U.S. has in terms of developing trade in the region,” said U.S. Ambassador Hugo Llorens…Read full article here.

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The International Monetary Fund said they will send a staff mission to Honduras next week. The team will be the first from the IMF to visit Honduras since the ousting of former President Manuel Zelaya last summer.

Although Honduras asked the IMF to make the visit, IMF spokesman Andreas Adriano, said the country has not made a request for aid from the fund.

IMF officials are scheduled to be in Honduras from March 15th through March 25th, and plan to assess Honduras’ economic performance in 2009 and discuss plans for growth.

-By Meena Thiruvengadam

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The former head of the Joint Chiefs, retired General Romeo Vasquez Velasquez, was sworn in yesterday afternoon as Hondutel’s manager. The assistant manager, Jesus Mejia, was also sworn in.

Just 12 days after his removal as Chief of Staff of the Armed Forces, General Romeo Vasquez Velasquez was appointed as manager of Hondutel, a government owned company that was pushed to the brink of bankruptcy by previous governments. Hondutel lost over 80,000 customers in 2009.

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