Through a trust the government will provide financing for the purchase of middle class housing, in local currency and at a rate of 8.7%.
From a statement issued by Coalianza:
Tegucigalpa, April 9. With an amount of 600 million lempiras (around $25 million) and to benefit 2,000 Honduran families, the government today announced a trust that will have a special focus on guaranteeing access to housing for the middle class.
The entity has raised the forecasts for real GDP growth from 3.5% to 4% for 2017, driven by private consumption, exports and investment.
From a statement issued by the IMF:
An International Monetary Fund (IMF) mission, led by Roberto Garcia-Saltos, visited Tegucigalpa during September 11-14 to conduct the fifth and sixth reviews of Honduras’ Fund-supported program.
Standard & Poor's attributes the upgrade in the long-term debt rating, from B + to BB-, to greater fiscal flexibility, and to the limited increase in the public debt.
From a statement issued by Standard & Poor's:
OVERVIEW
The Honduran government's commitment to strengthen public finances has improved Honduras' fiscal flexibility.
We expect broad continuity in economic policies and contained debt increases following national elections in November 2017.
Assigning container inspections to a "green channel" for importers with a good record and creating a one-stop shop to streamline procedures is part of what has been proposed to reduce congestion at the port.
Constant complaints over problems and delays faced by entrepreneurs in the Honduran port terminal have led the government to prepare a series of measures to reduce container inspection times and streamline processes to export or import goods through the port.See: "Customs Problems Arise in Puerto Cortes Again".
The contract signed with the concessionaire of the next international airport of Honduras establishes that Toncontin must be closed down. "At this moment" they want to change that contract.
In a demonstration of how insecure the signing of contracts for large public works projects can be in some countries on the isthmus, in the view of the government of Honduras "...
A contract has been signed for the start of works on the International Airport in Palmerola, Comayagua, so that operations can start in 2018.
Following the signing of the official contract, construction of the new International Airport in Palmerola, in the department of Comayagua, will begin in May, for operations to start in 2018. This was announced by the Spanish concessionaire EMCO Corporation.
With the creation of the new National Tourism Council composed of entrepreneurs from the sector, the government intends to improve the implementation of a strategy to promote the country.
A government statement said that "... The powers of the National Tourism Council are to approve the operational plan and proposed an annual budget for the Honduran Institute of Tourism and its amendments to the proposal by the chief executive, develop public works contracts and provide consulting and monitoring of internal regulations. "
The government has announced the creation of a $19 million trust fund, to be used for lending to stimulate production and improving the herd.
From a statement issued by the Government of Honduras:
President Juan Orlando Hernandez officiated at the company Agribusiness El Corral in Siguatepeque, the creation of a trust that will allow for the provision of $19 million in loans to stimulate production and improve the national cattle herd inventory.
With a runway of 1400 meters suitable for domestic flights, the airfield at Río Amarillo in Copan has started operations.
From a statement issued by the Government of Honduras:
The President Juan Orlando Hernandez opened the Río Amarillo airport, 18 kilometers from the Copan ruins, which is now the second air terminal built under his administration, after the de Gracias airport in Lempira.
Spain has confirmed a contribution of $52 million for the construction of the airport, but there is still $83 million left which the Honduran government is looking to raise through a public-private partnership.
From a statement issued by the Government of Honduras:
The Government of Spain, through a delegation accompanying President Mariano Rajoy at the Summit of the Central American Integration System (SICA), held in Guatemala, confirmed with Ministers of Finance, Infrastructure, and Public Utilities support for Honduras for the construction of Palmerola Airport.
Through the convening of an international competition, the government will select a Country Brand which it will use to improve promotion of the country as a destination for tourists and investments.
From a statement issued by the Government of Honduras:
The President Juan Orlando Hernandez stressed that the country brand image contest will be the first step of many efforts to be made by the Government to position Honduras worldwide in the areas of trade, investment, human talent and tourism.
The government is looking for alternatives to resolve the conflict between producers and traders, which has generated shortages and led to a rise in prices.
In recent weeks the shortage of meat in the country has caused an increase in prices in the market, despite being one of the products in a list whose prices are controlled. A pound of meat has risen to $2.75. This shortage is attributed to illegal smuggling of cattle to Guatemala.
An international call has been announced for the development and implementation of an immigration system and the issuance of passports, an event which will take place in March.
From a statement issued by the Commission for the Promotion of Public Private Partnership (COALIANZA):
The commissioner of the Commission for the Promotion of Public Private Partnership (COALIANZA), Miguel Angel Gamez announced that in March they will be launching an international competition for a Modernization Project, for the Improvement, Management and System Operation of Immigration Control and Passport Issuance in Honduras.
The South Korean company says it will be investing $300 million in public infrastructure, including works on electrification, renewable energy projects and hospital infrastructure.
For the construction of a hospital in Choluteca the multinational Samsung plans to invest $35 million, while for the electrification in rural areas and renewable energy projects it has estimated it will spend $40 million and $45 million respectively.
The government has extended the price freeze on seven basic food products, including red beans and ground beef, for 30 days.
From a statement issued by the Government of Honduras:
The Government of the Republic of Honduras through the Ministry of Economic Development informs the Honduran population in general, that it has been determined by Ministerial Agreement to establish throughout the national territory the maximum retail price for popular consumer products for a period 30 days.
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