Honduran Agricultural Project Halted

San Joaquín valley investors have decided to suspend a business project in Honduras.

Wednesday, September 8, 2010

The investors have stated that the reason for the interruption is the country's legal insecurity, Carlos López Urquía told members of Honduran industry association, Andi.

Elheraldo.hn reports further comments from the Andi representative saying that, "Honduras is on stand by while El Salvador and Guatemala are also being reviewed since these countries depend on judicial security in order to enter the country".

The project included the possibility of investing in dry regions of Honduras to enable crops to be grown.

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It is difficult to understand - especially because it has been made public - how a major state bank has described the International Bank of Costa Rica as "high risk" while another main state bank has stated the opposite.


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Honduras: Call for Greater Political Stability

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Political instability is making both domestic and foreign investors very nervous.

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