Latin American Program in the News: Military Role in Drug War at Stake in Honduras Presidential Vote
By Isabella Cota and Eric Sabo, Bloomberg
As difficult as the security situation is in Honduras, the economy is almost worse, said Eric Olson, the associate director of the Latin American Program at the Wilson Center in Washington.
The $19 billion economy contracted 2.4 percent in 2009 as Zelaya’s ouster prompted international condemnation. Growth has averaged 3.2 percent per year since, less than the 5.7 percent average in the four years before the coup, according to IMF data. Economic activity rose 0.8 percent in September compared with a year earlier. About 61 percent of the population lives in poverty, according to the World Bank.
“Honduras is borrowing to pay for its bills and often times doesn’t have enough money to pay police, teachers or judges,” Olson said.
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