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...

Full description

Bibliographic Details
Main Author:	International Finance Corporation
Format:	Report
Language:	English English
Published:	Washington, DC 2022
Subjects:	PRIVATE SECTOR DEVELOPMENT FISHING EXPORTS FOREIGN INVESTMENT INTERNATIONAL TRADE ECONOMIC GROWTH POVERTY ALLEVIATION COVID-19 CRISIS ECONOMIC IMPACT UNEMPLOYMENT ECONOMIC SHOCK INCLUSIVITY
Online Access:	http://documents.worldbank.org/curated/en/099028308052239516/IDU0ee3caf2805321044fa0af840421771bb4c2c http://hdl.handle.net/10986/37871

id	okr-10986-37871
recordtype	oai_dc
spelling	okr-10986-378712022-08-11T05:10:37Z Creating Markets In Honduras : Fostering Private Sector Development for a Resilient and Inclusive Economy - Country Private Sector Diagnostic International Finance Corporation PRIVATE SECTOR DEVELOPMENT FISHING EXPORTS FOREIGN INVESTMENT INTERNATIONAL TRADE ECONOMIC GROWTH POVERTY ALLEVIATION COVID-19 CRISIS ECONOMIC IMPACT UNEMPLOYMENT ECONOMIC SHOCK INCLUSIVITY 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. 2022-08-10T18:23:49Z 2022-08-10T18:23:49Z 2022-05 Report http://documents.worldbank.org/curated/en/099028308052239516/IDU0ee3caf2805321044fa0af840421771bb4c2c http://hdl.handle.net/10986/37871 English en Country Private Sector Diagnostic; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo International Finance Corporation Washington, DC Publications & Research Economic and Sector Work (ESW) Studies :: Core Diagnostic Reports :: Private Sector Development, Privatization, and Industrial Policy Latin America & Caribbean Honduras
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English English
topic	PRIVATE SECTOR DEVELOPMENT FISHING EXPORTS FOREIGN INVESTMENT INTERNATIONAL TRADE ECONOMIC GROWTH POVERTY ALLEVIATION COVID-19 CRISIS ECONOMIC IMPACT UNEMPLOYMENT ECONOMIC SHOCK INCLUSIVITY
spellingShingle	PRIVATE SECTOR DEVELOPMENT FISHING EXPORTS FOREIGN INVESTMENT INTERNATIONAL TRADE ECONOMIC GROWTH POVERTY ALLEVIATION COVID-19 CRISIS ECONOMIC IMPACT UNEMPLOYMENT ECONOMIC SHOCK INCLUSIVITY International Finance Corporation Creating Markets In Honduras : Fostering Private Sector Development for a Resilient and Inclusive Economy - Country Private Sector Diagnostic
geographic_facet	Latin America & Caribbean Honduras
relation	Country Private Sector Diagnostic;
description	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.
format	Report
author	International Finance Corporation
author_facet	International Finance Corporation
author_sort	International Finance Corporation
title	Creating Markets In Honduras : Fostering Private Sector Development for a Resilient and Inclusive Economy - Country Private Sector Diagnostic
title_short	Creating Markets In Honduras : Fostering Private Sector Development for a Resilient and Inclusive Economy - Country Private Sector Diagnostic
title_full	Creating Markets In Honduras : Fostering Private Sector Development for a Resilient and Inclusive Economy - Country Private Sector Diagnostic
title_fullStr	Creating Markets In Honduras : Fostering Private Sector Development for a Resilient and Inclusive Economy - Country Private Sector Diagnostic
title_full_unstemmed	Creating Markets In Honduras : Fostering Private Sector Development for a Resilient and Inclusive Economy - Country Private Sector Diagnostic
title_sort	creating markets in honduras : fostering private sector development for a resilient and inclusive economy - country private sector diagnostic
publisher	Washington, DC
publishDate	2022
url	http://documents.worldbank.org/curated/en/099028308052239516/IDU0ee3caf2805321044fa0af840421771bb4c2c http://hdl.handle.net/10986/37871
_version_	1764488026182909952

Creating Markets In Honduras : Fostering Private Sector Development for a Resilient and Inclusive Economy - Country Private Sector Diagnostic

Similar Items