Honduras News – Daily News about Honduras

A former Colbert couple now living in Honduras were arraigned in federal court today after the husband and wife were arrested in Florida on warrants for failing to pay income taxes in Washington.

Kristin W. Haynes and Scott D. Haynes, 56, both pleaded not guilty. Each faces five misdemeanor counts of failing to pay taxes, according to court records.

Assistant U.S. Attorney Earl Hicks told U.S. Magistrate Judge James Hutton that the Hayneses “failed to report $2.4 million in income and owe the government over $900,000″ in back taxes and fines.

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The International Monetary Fund (IMF) may want Honduras to devalue the currency, according to the report issued reviewing Honduras’ macroeconomic policy.

The good news, is that they project a gradual recovery in economic activity for Honduras in 2010.

Executive Board Assessment

The “Executive Directors noted that the global slowdown and domestic political tensions in 2009 had an adverse impact on the Honduran economy. This led to a sharp deterioration in macroeconomic imbalances, fueled in part by expansionary policies. Directors stressed that it will be necessary to take prompt measures to restore macroeconomic stability and support the incipient economic recovery, and to establish the conditions for sustained long-term growth. The authorities’ renewed efforts to strengthen its dialogue with the Fund are welcome.”

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America’s General Electric Co. has said they will sell their stake in BAC – Credomatic, to Columbia’s Grupo Aval for $1.9 billion. GE Capital expects to close the deal before the end of the year, pending regulatory approval, the company said.

“This is a good deal for GE, and furthers our objective of reducing the overall size of GE Capital,” said Dmitri Stockton, chief executive of GE Capital Global Banking.

Last year, GE Capital increased its ownership in BAC – Credomatic to 75% from 49.99%, as mandated in the original agreement, which added billons to its balance sheet at a time when the parent company’s management had wanted to reduce its financial exposure.

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