Honduras’ Economy Hit Hard

Honduras’ deteriorating political crisis has badly hit the country’s economy, said Amilcar Bulnes, head of the Honduran Council of Private Business, on Tuesday.

In the capital city of Tegucigalpa alone, the economic losses caused by the impact of the political turmoil have reached about 1 billion lempiras (some 52.6 million U.S. dollars), according to Bulnes.

The Honduran Chamber of Tourism estimated that the losses in the country’s tourism sector could reach about 50 million dollars per month.

Bulnes said the “misinformation” on the situation of Honduras has stopped tourists, mainly Salvadorians, from visiting the country.

Many hotels in some major cities like San Pedro Sula and La Ceiba are practically empty, said Bulnes.

The commerce and service sectors in Honduras have also been hurt by the curfew imposed by the interim government as well as the highway blockades by supporters of the deposed leader Manuel Zelaya.

Bulnes said suspension of the international aid is another factor affecting the country’s economy, but Honduras is capable of dealing with the current situation.

14 Responses to "Honduras’ Economy Hit Hard"

  1. Roberto Smith  August 7, 2009 at 1:11 pm

    Bob, you are dead-on. Communism has never worked, even Russia has fallen to Capitalism. Sandra et al who are Commie lovers, take a good look at Cuba – the people there have had nothing for 50 years.
    Do you want to work your tail off and you get nothing while others who don’t work get your share?
    Why does America have an illegal allien problem? Cause lots of people want the kind of opportunity that is ever present in the United States?

  2. Bob  July 24, 2009 at 7:29 pm

    Some speak of communism as Freedom, Fairness, Democracy. Nothing is further from truth. There are always those “more equal”, consider it “Fair for me” , No free Press etc. Communism never works as it suppose to. It works for a select few, others suffer…Look at Cuba… Compare North and South Korea, Venzuela. , . Enough said.
    Honduras, stand up for FREEDOM, throw out anyone who tries to take it away from you. USA supports you.

  3. bob saunders  July 24, 2009 at 5:38 am

    Zelaya is one of the richest of the elites, and as for Hugo Chavez; ask yourself are the Venezuelan people better off after a decade of this guy. Crime, homicide, inflation, …etc are worse that ever. Standing in linefor food in Venezuela…incredible.

  4. unknown  July 24, 2009 at 5:19 am

    Important note, Hugo Chavez has seized 165 businesses in four years from venezuela business owners.

    This is the same adgenda that Zelaya was going to implament in Honduras.

  5. Administrator  July 23, 2009 at 4:45 pm

    FYI – Sometimes I am not timely in approving comments simply based on logistics of my internet access. It may take awhile, but your comment will be posted. As I have stated in the past, all comments are approved unless inappropriate language is used, or there is a personal insult directed at another commenter.

  6. Abe Garza  July 23, 2009 at 3:05 pm

    Hugo Chavez and his friends are true Christians. That’s why the devils hate him!

    “I swear by the God of my parents, I swear by my nation, I swear by my honor that I will not allow my soul to rest, nor my arm to relax until
    I have broken the chains that oppress my people through the will of the powerful. Free elections, free land and free men, horror to the oligarchy.”
    Oath used by Venezuelan President Hugo Chavez – the Great, (when he was 28) and some of his revolutionary friends.

    -copied from Page 80, !HUGO! by Bart Jones

  7. Pat  July 22, 2009 at 9:57 pm

    The economy of Honduras is poor because of Capitalists who are using and exploiting the poor and middle class, sucking the country’s wealth…


    And Zelaya was right when he said that his ousting was from the “elitest”

    For a country to be democratic and free, it must be fair as well – that’s why I am Communist!

    God bless Honduras!

  8. Al  July 22, 2009 at 7:56 pm

    The Honduran people would rather suffer financially now than eventually to live in a similar situation to Cuba or Venezuela. Zelaya go to Papa in Cuba and leave the hondurans alone!!

  9. unknown  July 22, 2009 at 4:46 pm

    The current interm government can withstand the minimum setback of suspension of international aid until Presidential elections are held. In the meantime if they are in need of assistance, Saudi Arabia will be more then willing to help out the interm government until a new President is elected.

  10. Billy Hewitt  July 22, 2009 at 3:10 pm

    Hey dictator Micheletti guess what’s going to happen your country when 3,750,000 compesinos march to the elite congress with sharp machetes. you facist coup leaders will run like the cowards you are, like the Venzuelan coup leaders did in 2002. You rats will all jump ship like the elite pompous arrogant thiefs that have robbed the 70% poverty stricken hungry honduran people of their money. You have stashed those $BILLIONS in offshore bank accounts and you will beg the American CIA and state department for asylum. I hope Obama gives you rats asylum and then ships you to Guantanamo for daily waterboarding until you confess.

  11. Pam  July 22, 2009 at 1:13 pm

    I notice the Administrators of this site are deleting some of my comments…. about 2 times I tried to comment here and they were deleted!

  12. Mitch  July 22, 2009 at 1:10 pm




    Thank you, Sandra

  13. Sandra  July 22, 2009 at 1:04 pm

    I am all for a democratically elected President, a House of Representatives, and political civil servants elected by the people and for the people, providing all of this is under a Communist government

    Note: I am against all Dictators, especially, Castro!

    But I believe in Democracy and Communism like in the countries of Cypress, Moldova, and Nepal – all communist countries that hold fair and democractic elections, involving the people

    Now… with Honduras… I am not scare to say that it was foremost the greedy Capitalists or “wealthy elites” that suck the countries banks dry! They were responsible for ousting Zelaya… not saying that Zelaya was not corrupt, but these “elites,” these Capitalists are the true enemies of Honduras. They are brainwash by American influence!

    I, a United States citizen with Honduran connections know too well the greed, violence, and vice, Capitalism has caused the world – the rich getting richer and the poor man kept down to the ground!

    Now… reading this news article it seems like this crises is causing the economy of Honduras to become worst! And it seems to me that the big “lie” is that Capitalism need to continue in Honduras with Zelaya reinstated in order for the economy to better

    I think this is false! Hondurans who truly stand for justice, fairness, democracy, and communism need to do so now, or else its too late!

  14. Maxwell Smartmon  July 22, 2009 at 10:42 am

    Shame on all those foolish guerilla coup plotters. Their selfish dream has become a nightmare. They insult the intelligence of the entire world, by expecting us to believe their lies. I hope that force doesn’t have to be used to get them out of the way. Obviously, they are extremely hard headed.

You must be logged in to post a comment Login