Honduras launches financial education campaign
The Honduras Association of Banking Institutions will try to decrease the risks and delays in the use of credit cards with a financial education campaign at the national level.
Wednesday, November 5, 2008
The program to be implemented includes several bases (education, public relations and advertising) that will be used to facilitate a culture of responsibility and to create awareness about the possible impact of the global financial crisis.
Bank Accounts per 1,000 adults: Costa Rica 1354, Guatemala 1140, Honduras 758, Panamá 412.
With a total of 600,000 card holders, credit cards are one of the financial products that has experienced the most growth.
The Superintendent of Banks in Guatemala reports that credit card debt is growing in the nation despite disturbing economic signals and now stands at 2.367 billion quetzals, or about 315 million dollars.
"The purpose of the law is to prevent abuses in the emission and administration of these types of financial products," said the FMLN lawmaker, Blanca Coto, who is on the Finance Commission.
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