INVESTOR REPORT CENTRAL AMERICA: Lighting up

INVESTOR REPORT CENTRAL AMERICA: Lighting up

Panama Central America Costa Rica Nicaragua Honduras El Salvador Guatemala Economy & Policy Corporate & Sovereign Strategy

Honduras has had a tough few years. Although the sovereign has managed to tap international bond markets, rating downgrades over the past year and a half — partly a result of spending around the last presidential election — have made it tough for local companies to do the same. These downgrades and wider lack of confidence in the country have also limited the options for financing infrastructure projects, developments which are vital for building up longer-term economic growth potential.Under an IMF program signed in December, the government will cut spending, which will inevitably take a toll on economic growth. Yet the program is likely to hold longer-term benefits for the country: particu

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