Honduran Private Enterprise Warns About Grave Crisis

COHEP announced that the country is heading towards "a crisis with serious consequences for economic and social well-being."

Thursday, April 16, 2009


©image: COHEP

"On the Eve of a Real Crisis," is what the study submitted by the Honduran Private Enterprise Council is called and it gives warning that unless "urgent and appropriate" action is taken, the decrease in international reserves will cause "uncontrolled inflation with undesirable and unacceptable impacts on poverty, employment and social stability."

An article in latribuna.hn indicated that according to the COHEP report, the country has two serious macroeconomic imbalances, "one in the fiscal sector and the other external.

Entrepreneurs indicated that the trend may be reversed, but "we need more dialogue, zero confrontation, as well as major agreements and actions agreed upon by all social and economic sectors, including political parties and their presidential candidates" to keep the country from becoming a 'failed state'.

More on this topic

Honduran companies opposed to Alba

August 2008

Private companies in Honduras rejected the decision of President Manuel Zelaya to join ALBA, saying that it is a threat to free trade.

"The private sector manifests its discord with this unilateral initiative by the Executive Power, which, not knowing our history, traditions and culture, is placing the country in an alliance that is politically, militarily and ideologically damaging to the future of the Honduran people and free trade," said a release from the Honduran Private Sector Council (COHEP).

Honduran Construction Gets $23 Million

March 2009

Of the $212 million total in the Central Bank trust, $23 million have already been handed over between January and February.

Journalist Reynaldo Yanes explained in Laprensahn.com: "Of the $530 million which make up the trust, $212 million belongs to housing sector, urbanization, shopping center and hydroelectric generation projects as reported by the president of Honduran Private Enterprise (COHEP), Alejandro Alvarez.

Minimum wages controversy continues in Honduras

January 2009

Business owners have already filed 72 legal suits against the executive decree that increased the minimum wage.

Latribuna.hn reports: "Yesterday there 72 suits in total calling for the suspension of the of the Executive Decree which increased the minimum wage to 5,500 lempiras for urban areas and 4.55 for rural areas, but up to now none of them have been taken up by the Constitutional Branch of the Supreme Court."

Analysis of Labor Flexibility in Honduras

April 2009

The proposal for half-time work hours, part-time work hours and hourly work would generate about 3 thousand new jobs.

The proposal, submitted to the government by the National Association of Manufacturers, ANDI, would create jobs in manufacturing, security services and call centers, among others, according to what Alejandro Alvarez, vice president of the Honduran Council of Private Enterprise (COHEP) told Laprensahn.com.

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