Honduras’s textile industry lost 12 textile mills and 8,100 jobs last year as the industry began shifting its operations to nearby El Salvador, a spokesman for leading Honduran maquila association Camtex has confirmed to just-style. “We are very worried,” he said. “We are losing a lot of competitiveness, especially with El Salvador and Nicaragua, which […]
Honduras on Thursday turned over to U.S. authorities a reputed drug kingpin from Guatemala who was arrested here in May. Mario Ponce was taken by helicopter from the National Penitentiary, north of Tegucigalpa, to the joint U.S.-Honduran airbase at Palmerola, where U.S. Drug Enforcement Administration agents were waiting, Security Ministry official Danilo Orellana told reporters. […]
Police captured seven heavily armed men who were apparently planning to rescue an accused drug trafficker from the National Penitentiary, a spokesman for the Honduran security ministry said yesterday. The suspects were detained Thursday near the prison, which lies about 25 kilometers (15 miles) north of Tegucigalpa, Hector Ivan Mejía told reporters. Police seized AK-47 […]
Press Release No:2012/189/LAC The World Bank Board of Directors approved the new 2012-2014 Country Partnership Strategy with Honduras that will benefit thousands of poor Honduran families by improving social protection programs and property rights, among other objectives. The Strategy, which also focuses on public safety and macroeconomic management, assigns a total sum of US$171 million. […]
The IDB has approved a US 40 million dollar loan to strengthen the financial system and improve access to financial services in Honduras, according to a press release from the development bank. The measures aim to improve the regulatory framework and supervision in the country, as well as enhance the sustainability of reforms by improving […]