School's Out

On 5 May, 60,000 public sector school teachers ended a two-day strike over unpaid pension funds, after the government pledged to cough up the outstanding US$80mn in backdated money accumulated over the past decade. The prevalence of demonstrations and strike action in Honduras are a constant threat to our short- and long-term political risk ratings (currently standing at a respective 61.0 and 57.3), putting a major drag on the 'social unrest' sub-component score. With unemployment expected to rise as the economy remains in the doldrums this year, we believe that further incidents of public unrest are likely in the months

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