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 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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I look around this table and I see nations dedicated to strengthening democracy, spreading opportunities, and promoting inclusive prosperity throughout the Americas.

Legislation passed in Honduras makes credit now available to farmers and small businesses through secured transactions. Every single one of these programs can be a model for the rest of us, and that is what I hope comes from our meeting today.

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The Public Ministry (MP) formalized yesterday before the Criminal Court, an accusation against the former president of Honduras, Manuel Zelaya Rosales and four former officials of his government, for offenses linked to acts of corruption.

The prosecution implies that Manuel Zelaya Rosales and former Minister of the Presidency, Enrique Flores Lanza, were direct perpetrators in the offenses of falsification of public documents, two charges of abuse of authority, and fraud.

Also accused is the former Minister of Finance, Rebeca Patricia Santos, and former Deputy Minister, Jose Antonio Borjas Massis, of being direct perpetrators of the abuse of authority, and co-authors in the illicit acts of fraud.

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