Honduras

BMI View: In March, the International Court of Justice (ICJ) began hearing arguments over a maritime border dispute between Nicaragua and neighbouring Honduras. A ruling should... 2007-03-12

BMI View: Recently-released figures showed that the 2006 current account deficit came in at US$150mn, overshooting our projection of US$100mn. Importantly, though, the deficit as... 2007-03-08

BMI View: As we had anticipated, due to a large amount of foreign debt relief, Honduras' external debt load (public plus private) fell dramatically in 2006, from US$5.22bn to US$3.83bn... 2007-03-07

BMI View: Global oil prices have fallen considerably since their peak in 2006, and this should prove beneficial to Central America's external accounts. Importantly, we think that... 2007-02-19

BMI View: The Honduran government's takeover of multinational-owned oil storage facilities lasted only a few days, before pressure from Washington caused them to back down. While... 2007-02-05

BMI View: The trade deficit in 2006 came in at US$3.49bn, very close to our projection of US$3.40bn. We are projecting a US$3.74bn shortfall in 2007, which would represent a small... 2007-02-05

Among the hottest political issues in Honduras is that of consumer petrol prices, which has had implications for consumer spending and inflation. President Manuel Zelaya has presided... 2007-02-05

BMI View: With solid economic growth and fiscal consolidation anticipated over the next few years, Honduras' debt servicing outlook is sound.

Congress approved the 2007 budget in December, with the focus firmly on tackling poverty and crime. Almost half of the budget's US$2.59 expenditure programme has been earmarked for... 2007-01-12

BMI View: Consumer price inflation finished 2006 at 5.29%, an uptick from the year's low of 4.46% y-o-y, which was recorded in September. This vindicated our view that inflationary... 2007-01-10