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Honduras's Juan Orlando Hernández takes office

Monday, January 27, 2014

Honduran President-elect Juan Orlando Hernandez takes office today with a fragmented Congress after vowing to rely more on the military to help stem the highest homicide rate in the world.

Hernandez will oversee an $18.4 billion economy that has struggled under violence fueled by drug gangs with ties to Mexican cartels and an agricultural virus that cut coffee output in Central America’s biggest producer.

The economy will expand 2.8 percent this year, up from a four-year low of 2.6 percent in 2013, according to the International Monetary Fund.

Source: Bloomberg