Honduran Agricultural Project Halted
San Joaquín valley investors have decided to suspend a business project in Honduras.
Wednesday, September 8, 2010
The investors have stated that the reason for the interruption is the country's legal insecurity, Carlos López Urquía told members of Honduran industry association, Andi.
Political instability is making both domestic and foreign investors very nervous.
$500 million is the estimated amount that has not been invested due to bad business climate, poor image and lack of institutional credit, which frightens investors away.
The phenomenon affects much of Latin America, whose countries spend on average 8% of their GDP on security costs.
It is difficult to understand - especially because it has been made public - how a major state bank has described the International Bank of Costa Rica as "high risk" while another main state bank has stated the opposite.
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