Responses to the Coup d'etat in Honduras on Sunday June 28, with special emphasis on producing English-language versions of commentaries by Honduran scholars and editorial writers and addressing the confusion encouraged by lack of basic knowledge about Honduras.
Thursday, August 27, 2009
Economic pressure (finally): lets follow the money a little, shall we?
These not only provide necessary economic development, through employment and purchase of materials; they also are critical in a country that still suffers from inadequate basic infrastructure.
While the report says "the freeze is provisional, while the banks' governors weigh whether to suspend financing", that technical difference is largely immaterial on the ground in Honduras.
Because the largest beneficiaries of loan-funded infrastructure projects are actually the owners of the businesses contracted by the government to undertake them, this measure, and others like it, can hit directly at those who supported the coup.
It is not coincidental that the National Congress of Honduras, since it illegally removed President Zelaya from the country and illegally appointed its own president in his place, has spent the bulk of its time (between rejecting international demands for restoration of democracy) in passing laws that authorize infrastructure spending.
A list of Decretos passed in 2009, available on the Congressional website, shows that beginning with Decreto 141-2009 of June 28, in which the Congress rationalized its illegal removal of President Zelaya, through July 27, Congress had passed 17 laws.
The national budget, whose passage the de facto regime has made much of, accusing the Zelaya government of serious crimes for not having accomplished this, was only passed on July 21 (decreto 157-2009).
Before that, however, the regime, untroubled by lack of a budget, passed 6 bills approving contracts for infrastructure projects or transferring funds to specific towns for such efforts.
Even more interesting: according to their own index, in the irregular Sunday session called June 28 to whitewash the military coup, before they got around to that item of business, the Congress took the time to pass other bills, including two that let contracts for loans from the BCIE and BID (International Development Bank). These were for $28.55 million US and $16.7 million US (respectively).
Anyone who doubts that money is at the root of this entire debacle should sit up and take notice.