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Honduran Central Bank Warns About Detrimental Impact of Debt on Economy

LADB Article ID: 55545
Category/Department: Honduras
Date: 1996-08-29
By: LADB Staff

After Nicaragua, Honduras has the largest foreign debt in Central America. The cost of servicing the debt has reached alarming levels and threatens all economic-restructuring plans. Since 1992, the debt has risen by 31% to more than US$4 billion. The largest creditors are the multilateral banks, which hold 57% of the total, while bilateral lenders hold 32% and commercial banks 11%.

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