Porfirio Lobo Promotes Investment in Honduras

Honduras' president elect promised freedom and guarantees for investors, in a social market economy.

Monday, January 25, 2010

At a meeting with Central American businessmen in Guatemala City, Lobo offered "clear and defined" rules, inviting them to invest in Honduras.

Lobo confirmed he will grant a safe-conduct for Manuel Zelaya, for him to leave for Dominican Republic.

Prensalibre.com published further statements by Lobo: "We have a social market economy framework, in which we want businessmen to invest and trust us. We'll give them clear and defined rules".

More on this topic

Honduras Seeks Diplomatic Relations with China

December 2012

President Porfirio Lobo Sosa has confirmed that there are clear intentions to open diplomatic relations with the People's Republic of China.

A statement from the Presidency of Honduras reads:

President Lobo Sosa confirms intention to open diplomatic relations with China

Porifirio Lobo: Honduras' New President

January 2010

The Economist analyzes the upcoming administration of Porfirio Lobo and how he will have to 'pick up the post-coup pieces'.

When he is sworn in on January 27th, Lobo will take over a country that is diplomatically isolated, economically battered and socially polarized.

He inherits an economic hole.

Honduran Public Finances in Crisis

January 2010

The Honduran Treasury has outstanding debt for $300 million, but has only $8 million available.

In light of this situation, Finance Minister Gabriela Núñes warned that the upcoming administration, headed by Porfirio Lobo, must enforce "deep fiscal austerity" and restore relations with the international community, in order to resume external aid.

Honduran economy faces difficulties in 2009

January 2009

The country has not managed to sign a letter of intent with the IMF, and economic growth will decrease due to the global crisis.

In his three years of government, President Manual Zelaya has not managed to negotiate a new agreement with the IMF which has blocked access to other sources of credit.

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