Honduras

In the absence of major external shocks, including natural disasters or an oil price spike, we anticipate stability for the lempira's peg to the US dollar at HNL18.90/US$ over the... 2007-08-09

President Manuel Zelaya has denied allegations made by opposition leader Porfirio Lobo Sosa, who said that Zeyala was plotting to change the constitution to allow him to stay in power... 2007-07-31

BMI View: A 30% y-o-y rise in imports, contrasted with only a 7% rise in exports, resulted in a US$1.742bn trade deficit over the first five months of the year.

BMI View As we noted in June's Central America Monitor , El Salvadorian remittance growth has shown a declining trend in recent months. Remittances expanded by just 1.6% y-o-y in... 2007-07-24

President Manuel Zelaya's chief bodyguard was shot and killed outside the president's residence in June, raising further questions about the state of violent crime in Honduras. No... 2007-07-05

BMI View: With around a quarter of Honduras' GDP coming from remittances from workers in the US, the growing rate of deportation will be a cause for concern. For now, with the extension... 2007-07-04

BMI View: A breakdown of the import data for the January-April period confirms that a rise in global commodities prices has been felt by Honduras' export sector.

BMI View: Global food prices are on the rise. This has hit Central America particularly harshly, given the heavy weighting of key agricultural goods in national price baskets. For... 2007-06-12

BMI View: Exports in Q107 showed virtually flat growth, coming in at US$509.8mn, versus US$507.3mn a year earlier. While this comes as discouraging news, considering that we are projecting... 2007-06-11

BMI View: The dependence on remittances from overseas workers places the Honduran economy at risk from a slowdown in these flows. Should remittance growth follow the regional trend,... 2007-06-11