Honduras prepares for U.S. recession

To offset the effects of a recession in the U.S., Finance Minister Rebeca Santos said Honduras is creating internal conditions for job creation through public investment and a 900 million dollar private project.

Wednesday, April 23, 2008

Santos said this year's budget includes public investment programs in highways, production, micro-credits, and social assistance. "We are creating conditions for public investment that will be an important element for stimulating the national economy," she said.
The 2008 budget includes major allocations for maintenance and broadening of coverage for social programs that benefit poor families such as free schooling, technology vouchers, and financial transfers to be made through the Program of Family Transfers (PRAF).
"We are doing our best to minimize the effects of the international situation and the high costs of food and fuel," she said.



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A report by the National Development Foundation said that expectations for 2012 "are extremely worrying."

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The Economic Situation Report at the end of the first quarter of 2011 states: Economic growth is still slow and fragile.

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Nicaragua needs political will to overcome its problems

July 2008

Nicaragua needs to grow by at least six percent while holding inflation down to 10 percent.

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El Salvador needs new investment

April 2008

The viability of El Salvador for achieving sustained economic growth depends on the amount of private investment it can attract, especially in these times of high food and fuel prices.

In recent years the nation has attracted significant investments in telecommunications, banking, electrical energy and mining.

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