Honduras

Nearshoring in Latin America ‘could up exports by $78B’

Nearshoring in Latin America and the Caribbean could increase exports of goods and services from the region by up to US $78 billion, with Central American and Caribbean economies particular beneficiaries, according to projections made by the Inter-American Development Bank (IDB). The automotive, textile, pharmaceutical, and renewable energy industries stand to benefit significantly, IDB President …

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A stock image of a Bitcoin to accompany article on Bitcoin in Honduras

‘No legalization of Bitcoin in Honduras’: central bank

The Central Bank of Honduras (BCH) has issued a press release to clarify that the cryptocurrency Bitcoin will not be made legal tender in the country, after a flurry of recent reports had suggested such a move was imminent. Instead of pursuing the legalization of Bitcoin in Honduras, the BCH said it is working on …

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Honduras coffee producing countries article stock image of coffee crop

Honduras Challenging ‘Big 5’ of Coffee Producing Countries

Increased Honduras coffee harvests over recent years have led the Central American nation to challenge the established ‘big five’ of coffee producing countries, made up of Brazil, Vietnam, Colombia, Indonesia, and Ethiopia. Brazil stands head and shoulders ahead of all other producers, generating an average of more than 73 million sacks of coffee per year …

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A stock image of an airport representing Palmerola International Airport

Palmerola International Airport to Boost Biz in Honduras

The new Palmerola International Airport in central Honduras will be an “investment trigger” for the Central American nation, according to a leading official at the country’s investment promotion agency. Inaugurated in October 2021, the facility located outside the city of Comayagua has a greater capacity than Toncontin International Airport located 80 kilometers away in capital …

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A stock image of books accompanying article on English in Latin America

English in Latin America Improves During Pandemic

Levels of English in Latin America improved during the pandemic, with more than 70% of countries from the region seeing proficiency grow during 2020, according to a new study. The news will be of particular interest to investors and companies looking to enter the region, with higher levels of English in Latin America making it …

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