The International Monetary Fund (IMF) is to send a team of experts to Honduras in early March to review the tax exemptions employed by the Government, the head of the Executive Directorate of Revenue (DEI), Miriam Guzman, said. Guzman said that tax exemptions, which are used to attract investment in certain sectors and to stimulate […]
Finance Minister William Chong Wong resigned yesterday. Speculation is that it most likely is due to the IMF Press Release last week, wherein it outlined that Honduras didn’t reach its 2011 International Monetary Fund (IMF) goals. Although according to the IMF press release, “The mission noted achievements in economic growth and control of inflation and […]
The governments of Honduras and Spain today signed an agreement for Honduras to receive a donation of 25 million dollars to fund a project that aims to provide drinkable water to rural areas of the country. The money will be sent through the Inter-American Development Bank, (IDB) in order for the National Autonomous Service of […]
PRESS RELEASE [Excerpts] Wells Fargo will extend its consumer remittance payout network distribution to 9 additional financial institutions and alternative financial services companies in Guatemala, Colombia, Ecuador, Honduras, Peru, Philippines and Vietnam. Wells Fargo now has one of the largest number of payout locations for a U.S. bank-managed remittance service, creating added convenience for its […]
A Honduran investor has filed claim against HSBC alleging that an investment described as a “Washington Mutual” perpetual bond was not a bond at all, but a derivative mortgage backed security, created by Washington Mutual, to take toxic home equity loans off its books. The claim, filed with the Financial Industry Regulatory Authority (FINRA) by […]