On May 31, Ecuadorian president Rafael Correa will visit Honduras
The official agenda is unknown at the moment, said the Honduran Undersecretary of Foreign Affairs, Eduardo Rosales.
Newspaper Proceso Digital reported the secretary’s statements: "There are many 'political issues.' Zelaya and Correa could also address cooperation, exchange of experience in agriculture and tourism, among other issues."
Today Ecuador became the first Latin American economy to be in default, following the global financial crisis that started in September.
The Andean country's risk shot up more than 4,000 points. The government of Rafael Correa says that they have the funds but do not want to pay as yet, since they are investigating "illegalities" in the contract for the debt that expires tomorrow.
"I wish that it would be someday!" said Mexican president Felipe Calderon, pointing out that Latin America has very distinct economic and monetary policies.
He also highlighted the various exchange rate and monetary systems. "There are countries which have their own currency and the corresponding seigniorage; and there are countries which used other countries' currencies, such as El Salvador or Ecuador, which have their economies in US dollars.
Caribbean-Central American Action (CCAA) is a private, independent organization that promotes private sector-led economic development in the Caribbean Basin and throughout the Hemisphere.
Operates in Panama, Nicaragua, Honduras, Guatemala, El Salvador, Costa Rica and Caribbean Community
Phone: (202) 331-9467