Political Uncertainty and Economic Losses

Nine days after the presidential elections in Honduras an official winner has still not been announced, and the business sector estimates that the losses caused by looting, violence and paralyzed activities amount to $50 million a day.

Tuesday, December 5, 2017

Blockades in the main roads of the country, demonstrations, looting of businesses and widespread violence is what can be seen in some areas of Honduras, eight days after the disputed presidential elections. 

Laprensa.hn reports that "...With a state of siege, growing tension and police groups that refuse to obey their superiors and repress protesters, Honduras continues to face uncertainty over who will be its president in the coming years, as no official winner has been declared."

"... Due to the looting suffered by several companies, in addition to the low sales and the lack of time to comply with some commitments, the private sector is reporting multi million dollar losses that put hundreds of jobs at risk. Pedro Barquero, executive director of the Chamber of Commerce and Industries of Cortés, estimated that nearly $50 million per day has been lost due to suspension of activities."

Mario Canahuati, president of the Honduran Association of Maquiladoras said that "... as a productive sector they have large delivery commitments with the United States, both textile maquilas and electrical harnesses, which could be affected by the loss of working hours. 'There is no doubt that we are highly concerned, this political element is having very serious consequences' ... ".

See executive decree on new curfew hours imposed by the Hernández administration (in Spanish).

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