The agreement between the two governments states that as of December 15, 2015 customs offices at common borders will suspend their tax functions and allow the free movement of goods and people.
From a statement issued by the Government of Guatemala:
64 years after having started the process of Central American integration, the presidents of Guatemala, Otto Pérez Molina, and Honduras, Juan Orlando Hernandez, signed a historic agreement for a customs union between the two nations today, from which it is expected that economic growth of 15% will be produced in the short term. The agreement aims to eliminate the three land crossings on the borders of the two countries.
The Central Bank of Honduras is pressuring bankers to enlarge their credit portfolios, but banks are resisting any change to their risk policies.
In statements in La Tribuna, the well-known banker, Jorge Bueso Arias, insisted that "it is not that [the Central Bank] wants to put forth mandates, but rather... it wants that we increase our credit portfolio, and I have said publicly that our main responsibility is to our depositors,... and we cannot begin to 'to lend senselessly' to anyone that comes in requesting credit without taking the measures that banking prudence implies...”
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