Creating Markets In Honduras : Fostering Private Sector Development for a Resilient and Inclusive Economy - Country Private Sector Diagnostic
Honduras has significant investment potential, with ample productive resources, a solid industrial base, a market-oriented reform agenda, a strategic location with access to many international markets, and a growing labor force. The country’s young...
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| Format: | Report |
| Language: | English English |
| Published: |
Washington, DC
2022
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| Online Access: | http://documents.worldbank.org/curated/en/099028308052239516/IDU0ee3caf2805321044fa0af840421771bb4c2c http://hdl.handle.net/10986/37871 |
| Summary: | Honduras has significant investment
potential, with ample productive resources, a solid
industrial base, a market-oriented reform agenda, a
strategic location with access to many international
markets, and a growing labor force. The country’s young and
growing population is yielding a demographic dividend, which
presents new opportunities for economic growth and
diversification, especially in the service sectors such as
business-process outsourcing (BPO) and in development of
digital financial services (DFS). Honduras’s rich endowment
of resources and improving business climate have attracted
rising levels of private investment, and the country
achieved the second highest tradeto-GDP ratio in the Latin
America and the Caribbean region prior to COVID-19 crisis.
However, large-scale investment and trade have yet to
generate rapid economic growth and robust poverty reduction.
The public and private sectors will both play vital roles in
Honduras’s economic recovery. Ongoing targeted support will
be necessary to address the health and humanitarian
consequences of the pandemic, mitigate the resulting
increase in poverty and inequality, and support the
resumption of economic activity. This Country Private Sector
Diagnostic (CPSD) is designed to help guide Honduras’s
private sector development agenda in this challenging and
rapidly evolving context. |
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