Saturday, November 26, 2022

Logo Central America Link

Honduras goes broke amid meltdown over violence

Friday, January 25, 2013

Honduras has been on the brink of bankruptcy for months, as politicians put off passing a budget necessary to pay for basic government services.

The country is also grappling with $5 billion foreign debt, a figure equivalent to last year's entire government budget.

The financial problems add to a general sense that Honduras is a country in meltdown, as murders soar, drug trafficking overruns cities and coasts and the nation's highest court has been embattled in a constitutional fight with the congress.

Source: Wales Online