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.
Monday, November 2, 2009
BID says "Not So Fast"
The director of the Interamerican Development Bank said that funding would return once the crisis was over. "As they go about complying with the Accord, we will go about regularizing our relations with Honduras," said Luis Alberto Moreno, BID Director. Less than half of BID's planned funding for Honduras for 2009 had been released when the coup happened.
In other economic news, Amilcar Bulnes, said they shouldn't mix politics and business. Honduras has to determine if it remains in Petrocaribe. Its participation was unilaterally severed on June 28 by Venezuela.
The head of the Social Forum on External Debt (FOSDEH), Mauricio Diaz, complained that Zelaya had over-relied on funding from ALBA and Petrocaribe rather than negotiating an agreement with the IMF. However, Honduran economists have pointed out that that decision was better for the financial stability of the lempira, and resulted in a good business environment until the world economy crashed.