Pressure on BCIE for Resolving Honduras Situation

The Honduran government asked the Central American Economic Integration Bank to quickly and favorably resolve the financial relationship, suspended after Zelaya's deposition.

Wednesday, August 19, 2009


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Warning that "a long time has gone by without a decision by BCIE", Honduran Finance Ministry Gabriela Núñez insisted that if the Central American Economic Integration Bank (BCIE) does not resume its normal relationship by giving out loans already scheduled and others under study, Honduras may resign from the financial entity.

According to a Proceso.hn article, the ministry said today that "the Honduran Institute of Social Security, and public employees and teacher's funds have invested $60 million in BCIE, in addition to a similar amount from private banks".

More on this topic

Gold Medals in Honduras Crisis

December 2009

Brazil won for maximum hypocrisy, United States for indecision, and the OAS for lack of impartiality.

Andres Oppenheimer lists some of the top external players in the Honduras crisis, detailing their biggest political mistakes.

The feeling remains, however, that had not been for the mistakes of the international community (specially for its stubbornness in not listening to objective reasons), the price being paid by the people of Honduras would not be so high.

Trade and Business Overcome Politics

November 2009

The political crisis in Honduras didn't damage business as much as it was expected, evidencing that Central America is more integrated economically than politically.

Two elements contributed to keeping borders open to trade: Honduras central location in the region, and the diversification and growth experienced by intra-regional commerce in the past few years.

Removal of Manuel Zelaya was legal

September 2009

A report written by the Library of Congress concludes that the removal of former Honduran President Manuel Zelaya was legal and Constitutional.

Report Executive Summary:

The Supreme Court of Honduras has constitutional and statutory authority to hear cases against the President of the Republic and many other high officers of the State, to adjudicate and enforce judgments, and to request the assistance of the public forces to enforce its rulings. The Constitution no longer authorizes impeachment, but gives Congress the power to disapprove of the conduct of the President, to conduct special investigations on issues of national interest, and to interpret the Constitution. In the case against President Zelaya, the National Congress interpreted the power to disapprove of the conduct of the President to encompass the power to remove him from office, based on the results of a special, extensive investigation. The Constitution prohibits the expatriation of Honduran citizens.

Honduras: Risky Intransigent Postures

September 2009

The editorial at Nacion.com remarks: "if all that is left is poses, angry reactions and more inflexibility, Zelaya's presence could be the trigger that was needed for real violence".

"No agreement will be possible unless Latin America's democratic countries nullify the distorting actions of Hugo Chávez, so diplomatic initiatives are not based on ideological intentions but democratic objectives.

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