DOCSLIB.ORG

HONDURAS DEVELOPMENT POLICY REVIEW Accelerating Broad-Based Growth

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
HONDURAS DEVELOPMENT POLICY REVIEW Accelerating Broad-Based Growth Report No. 28222- HO HONDURAS DEVELOPMENT POLICY REVIEW Accelerating Broad-Based Growth November 8, 2004 Central America Department Latin America and the Caribbean Region Document of the World Bank CURRENCY EQUIVALENTS Currency Unit = Lempira (L) 1 US Dollar = L17.5200 1 Lempira = 0.0570 US$ ( As of November 10, 2004) FISCAL YEAR January 1 to December 31 ABBREVIATIONS AND ACRONYMS ADEL Local Education Development Associations AML Anti-Money Laundering AML/CFT Anti Money Laundering / Combating the Financing of Terrorism BANADESA State-owned rural development bank CA Central America CACM Central American Common Market CADERH Private non-profit vocational training institute CAFTA Central American Free Trade Agreement CAN National Anti-Corruption Council CBH Central Bank of Honduras CCME State Modernization Committee CEB Basic Education Center CEM Country Economic Memorandum CEPAL/ECLA Comisión Económica para América Latina y el Caribe CFAA Country Financial Accountability Assessment CFT Combating the Financing of Terrorism CNBS National Banking and Insurance Commission CNE National Energy Commission CNSSP National Supervisory Commission for Public Services CONATEL Comisión Nacional de Telecomunicaciones CPAR Country Procurement Assessment Review CPI Corruption Perception Index DGP Office of the Budget DPR Development Policy Review EFA-FTI Education for All – Fast Track Initiative ENEE Public power utility company ENP Empresa Nacional de Puertos (National Ports Authority) FHIS Honduran Social Investment Fund FONAPROVI State-owned wholesale bank FOSEDE Deposit Insurance Fund FSAP Financial Sector Assessment Program GDP Gross Domestic Product HIPC Highly Indebted Poor Country HONDUTEL Public telecommunications company IDA International Association for Development IDB Inter-American Development Bank IMF International Monetary Fund INE Instituto Nacional de Estadística (National Statistical Institute) INFOP National vocational training institute (public) LAC Latin America and the Caribbean LLECE Latin American Laboratory for the Assessment of Educational Quality MDG Millennium Development Goal NAFTA North American Free Trade Agreement NGO Non-governmental Organization PAO Annual Operating Plans PRGF Poverty Reduction and Growth Facility PRSC Poverty Reduction Support Credit PRSP Poverty Reduction Strategy Paper ROAA Return on Average Assets ROAE Return on Average Equity SANAA Public water and sanitation utility company SAT Scholastic Assessment Test SEFIN Secretaría de Finanzas (Finance ministry) SERNA Secretaría Recursos Naturales y Ambiente (Environment ministry) SIAFI Integrated financial management system SIARH Public sector human resource database SIDA/SAREC Swedish International Development Agency SIERP Integrated Poverty Reduction Tracking System SIGADE Integrated Debt Management System SINACOIN Integrated system for recording foreign assistance inflows SISPU Integrated System for Public Investment SML Securities Market Law SSP Secretaría de Salud (Health Secretariat) SOPTRAVI Secretaría de Obras Publicas y Transporte (Transport ministry) SWAPs Sector wide approaches TFPG Total Factor Productivity Growth TGR Treasury TSC Tribunal Superior de Cuentas (Supreme Audit Court) UIF Unidad de Información Financiera UMCE External Educational Quality Assessment Unit UNDP United Nations Development Programme UPEG Sector Planning and Evaluation Groups WBI World Bank Institute Vice-President David De Ferranti Country Director Jane Armitage PREM Director Ernesto May Task Manager Ulrich Lächler HONDURAS DEVELOPMENT POLICY REVIEW Accelerating Broad-Based Growth November 8, 2004 Table of Contents EXECUTIVE SUMMARY AND RECOMMENDATIONS ........................................................... i RESUMEN EJECUTIVO Y RECOMENDACIONES ……………………………………………. xxiv Chapter I: RECENT ECONOMIC DEVELOPMENTS AND GROWTH PERFORMANCE ….. 1 A. Country Context …………………………………………………………………………... 1 B. Recent Economic Developments ……………………………………………………….… 5 C. The Main Determinants of Economic Growth in Honduras ……………………………… 10 D. Main Conclusions ………………………………………………………………………… 15 Chapter II: EDUCATION AND GROWTH ……………………………………………………. 18 A. Status and Evolution of Education in Honduras ………………………………………… 20 B. Education Spending in Honduras ………………………………………………………… 23 C. The Fiscal Challenge of Expanding Primary and Secondary Education ………………… 27 D. Summary and Recommendations ………………………………………………………... 32 Chapter III: PUBLIC INFRASTRUCTURE AND GROWTH …………………………………. 35 A. Coverage, Quality and Efficiency of Infrastructure Services in Honduras ……………… 35 B. Pattern of Public Expenditures on Infrastructure ………………………………………… 44 C. Expanding the Role of Private Participation ……………………………………………... 45 D. Strengthening the Policymaking and Regulatory Framework …………………………… 49 E. Refocusing Infrastructure Pricing and Subsidy Policies ………………………………… 51 F. Summary and Recommendations ………………………………………………………... 53 Chapter IV: FINANCIAL SECTOR DEVELOPMENT AND ECONOMIC GROWTH ….…… 56 A. Brief Overview of Recent Financial Sector Developments ……………………………… 56 B. Tackling the Agricultural Credit Problem ………………………………………………. 60 C. Strengthening the Financial System ……………………………………………………… 63 D. Summary and Recommendations ………………………………………………………... 67 Chapter V: IMPROVING GOVERNANCE IN HONDURAS ………………………………… 70 A. Review of Governance Indicators ………………………………………………………. 70 B. Public Expenditure Management Reform ………………………………………………. 72 C. Civil Service Reform …………………………………………………………………….. 78 D. Judicial Reform ………………………………………………………………………….. 81 E. Concluding Remarks and Recommendations ..………………………………………….. 84 ANNEXES: A: The Key Determinants of Growth in Honduras B: The Evolution of the Central Government Wage Bill in Honduras C: The Main Providers of Secondary Education Services in Honduras D: The Estimated Cost of Raising Primary and Secondary Education Outcomes E: A Preliminary Assessment of the Honduran National Innovation System . F: CAFTA and its Implications for Honduras Text Tables Table 1.1. Honduras – Sector Shares of GDP ………………………………………………….. 3 Table 1.2. Honduras – Gross Domestic Expenditure and Product ….………………………….. 4 Table 1.3. Honduras – Macroeconomic Framework……………. ….………………………….. 9 Table 1.4. Honduras – Contributions to Output Growth………. ….…………………………… 12 Table 1.5. Honduras – Alternative Long Term Growth Scenarios.…………………………….. 13 Table 1.6. Honduras – Project Evolution of Poverty Headcount Indicators under Alternative Growth Assumptions ……….……………… 14 Table 1.7. Honduras – The Key Determinants of Growth in Honduras….………………….…. 15 Table 2.1. Honduras – Key Education Indicators by Level, 2001…….….………………….….. 20 Table 2.2. The Income Distribution of Primary Completion Rates…….….…………………… 23 Table 2.3. Honduras: Evolution of Public Spending on Education: 1997-2002………………... 24 Table 2.4. Honduras: Total Education Spending per Student by Level …………………….…. 24 Table 2.5. Honduras: Expenditures by the Education Ministry……………….………………... 25 Table 2.6. Honduras: Estimated Public Subsidy by Educational Level, 2002 …………….…. 27 Table 2.7. Alternative Fiscal Scenarios for Expanding Secondary Education .………………... 30 Table 3.1. Key Infrastructure Indicators in 2000……………………………. ……………….. 37 Table 3.2. Road Transport Indicators in Central America…………………. ……………….... 37 Table 3.3. Electricity Service Coverage in Honduras, 1989-2002…………………………..…. 40 Table 3.4. Cost of Calls to USA, 2003…………………………..………….………………..…. 41 Table 3.5. Access to Water and Sanitation Services in Honduras…………………………….... 42 Table 3.6. The Distribution of Access to Infrastructure Services, 2003…. ………………..…. 43 Table 3.7. Honduras: Public and Private Investment (in million US$).…. ………………..…. 44 Table 3.8. Principal Entities Involved in Infrastructure Services, 2003.…. ………………….. 47 Table 4.1. The Banking Systems in Central America, 2001…………..…. ……………….…. 57 Table 4.2. Selected Banking Sector Indicators in Central America, 2002……...……………... 59 Table 4.3. Honduras: Balance Sheet of the Consolidated Banking System ...…………………. 60 Table 4.4. Financial Sector Institutions in Honduras, 2003……………… ...……………….… 69 Table 5.1. Selected Indicators of Judicial System Performance.………… ...………………..… 81 Boxes Box 2.1 The Rate of Return to Education in Honduras…………….….………………….….. 22 Box 4.1 The Structure of Honduras’s Financial System..………….….………………….….. 57 Box 5.1 Systematic Recommendations of the CFAA Action Plan for Honduras .……….….. 77 Box 5.2 Land Insecurity in Honduras ……………………………………………………….. 84 Box 5.3 Key Short-Term Actions Proposed by the National Anti-Corruption Council for Combating Corruption in Honduras ………...…….……… 85 Figures Figure 1.1. Central America: Real Effective Exchange Rates………………………………….. 6 Figure 1.2. Central America’s Growth Performance; 1960 – 2000……………………………. 11 Figure 1.3. Perceptions of Corruption in Latin America & Caribbean, 1999-2000…………… 16 Figure 2.1. Primary Education Spending and Outcomes in Honduras …………...…………… 26 Figure 3.1. Access to Infrastructure Services in Central America….. …………...……………. 36 Figure 3.2. The Relationship between Infrastructure Development and per Capita GDP in Latin America……………………….. …………...………. 38 Figure 4.1. Honduras: Indicators of Financial Development………………………...………… 58 Figure 5.1. Governance in Honduras versus Latin America and the Caribbean: 2002.…………. 71 Figure 5.2. Governance in Honduras versus Lower Middle Income Countries: 2002.……….… 72 TECHNICAL ANNEX TABLES Table 1. Gross Domestic Expenditure and Product (shares of GDP, current prices) Table 1A. Gross Domestic Expenditure and Product (current
Load more

Recommended publications
  • List of Certain Foreign Institutions Classified As Official for Purposes of Reporting on the Treasury International Capital (TIC) Forms
    NOT FOR PUBLICATION DEPARTMENT OF THE TREASURY JANUARY 2001 Revised Aug. 2002, May 2004, May 2005, May/July 2006, June 2007 List of Certain Foreign Institutions classified as Official for Purposes of Reporting on the Treasury International Capital (TIC) Forms The attached list of foreign institutions, which conform to the definition of foreign official institutions on the Treasury International Capital (TIC) Forms, supersedes all previous lists. The definition of foreign official institutions is: "FOREIGN OFFICIAL INSTITUTIONS (FOI) include the following: 1. Treasuries, including ministries of finance, or corresponding departments of national governments; central banks, including all departments thereof; stabilization funds, including official exchange control offices or other government exchange authorities; and diplomatic and consular establishments and other departments and agencies of national governments. 2. International and regional organizations. 3. Banks, corporations, or other agencies (including development banks and other institutions that are majority-owned by central governments) that are fiscal agents of national governments and perform activities similar to those of a treasury, central bank, stabilization fund, or exchange control authority." Although the attached list includes the major foreign official institutions which have come to the attention of the Federal Reserve Banks and the Department of the Treasury, it does not purport to be exhaustive. Whenever a question arises whether or not an institution should, in accordance with the instructions on the TIC forms, be classified as official, the Federal Reserve Bank with which you file reports should be consulted. It should be noted that the list does not in every case include all alternative names applying to the same institution.
    [Show full text]
  • Digital Inclusion and Mobile Sector Taxation in Honduras
    Digital inclusion and mobile sector taxation in Honduras MARCH 2016 DIGITAL INCLUSION AND MOBILE SECTOR TAXATION IN HONDURAS Important Notice from Deloitte This final report (the “Final Report”) has been Accordingly, no representation or warranty, express prepared by Deloitte LLP (“Deloitte”) for the GSMA or implied, is given and no responsibility or liability on the basis of the scope and limitations set out is or will be accepted by or on behalf of Deloitte below. or by any of its partners, employees or agents or any other person as to the accuracy, completeness The Final Report has been prepared solely for the or correctness of the information contained in this purpose of assessing the economic impacts of document or any oral information made available and mobile sector taxation in Honduras by modelling the any such liability is expressly disclaimed. potential impacts that could be realised by a change in mobile taxation under a set of agreed assumptions All copyright and other proprietary rights in the Final and scenarios. Report are the property of the GSMA. No party other than GSMA is entitled to rely on This Final Report and its contents do not constitute the Final Report for any purpose whatsoever and financial or other professional advice, and specific Deloitte accepts no responsibility or liability or duty advice should be sought about your specific of care to any party other than the GSMA in respect circumstances. In particular, the Final Report does of the Final Report or any of its contents. not constitute a recommendation or endorsement by Deloitte to invest or participate in, exit, or otherwise The scope of our work has been limited by the time, use any of the markets or companies referred to in information and explanations made available to it.
    [Show full text]
  • Geography and Vegetation Change 29
    Copyright by Jerry Owen Bass, Jr. 2003 The Dissertation Committee for Jerry Owen Bass, Jr. certifies that this is the approved version of the following dissertation: MORE TREES IN THE TROPICS: REPEAT PHOTOGRAPHY AND LANDSCAPE CHANGE IN HONDURAS, 1957-2001 Committee: _________________________________ William E. Doolittle, Supervisor _________________________________ Terry G. Jordan _________________________________ Gregory W. Knapp _________________________________ Steven D. Hoelscher _________________________________ William V. Davidson MORE TREES IN THE TROPICS: REPEAT PHOTOGRAPHY AND LANDSCAPE CHANGE IN HONDURAS, 1957-2001 Jerry Owen Bass, Jr., B.A., M.A. Dissertation Presented to the Faculty of the Graduate School of The University of Texas at Austin In Partial Fulfillment Of the Requirements For the Degree of Doctor of Philosophy The University of Texas at Austin May 2003 Dedication I dedicate this work to Robert C. West and Terry G. Jordan, two great geographers, and to all the wonderful Hondurans from whom I learned. Acknowledgements I have shared several bottles of Flor de Caña with a small group of geographers who have all played a role in my academic development. The group – Scott Brady, Craig Revels, Taylor Mack, Ricky Samson, and Bill Davidson – shares a love for Honduras, fieldwork, and interesting geography, discussions of which helped in the development of this study. I look forward to a career of collaboration and to more fun and interesting conversations and trips with these people. Bill Davidson introduced me to geography. He and his wife, Sharon, have been good friends to me since. I am ever grateful. Here at UT, many have helped me as I stepped through the Ph.D.
    [Show full text]
  • GENERAL AGREEMENT on TARIFFS and TRADE Limited
    GENERAL AGREEMENT ON RESTRICTED L/7028 29 June 1992 TARIFFS AND TRADE Limited Distribute Original: Spanish ACCESSION OF HONDURAS Memorandum on Foreign Trade Régime The following Memorandum on the Foreign Trade Régime has been received from the Government of Honduras. In order that the matter may be examined by the Working Party (L/6735), contracting parties are requested to communicate to the secretariat by 30 July 1992 any questions they may wish to put concerning the matters dealt with in the Memorandum, for transmission to the authorities of Honduras. 92-0879 L/7028 Page 2 CONTENTS Page FOREWORD 5 I. THE HONDURAN ECONOMY 6 1.1 Introduction 6 1.2 Structure and performance of the Honduran economy 6 1.3 Foreign trade, balance of payments and external debt 9 1.3.1 Foreign trade 9 1.3.2 Balance of payments 12 1.3.3 External debt 13 1.4 The structural adjustment programme launched in March 1990 and its results 14 II. TRADE POLICY REGIME: FRAMEWORK AND OBJECTIVES 18 2.1 Introduction 18 2.2 Institutional framework 18 2.3 Structure of trade policy formulation 18 2.4 The new trade policy 20 III. EXPORT POLICY 21 3.1 Introduction 21 3.2 Legal provisions 21 3.3 Export taxes and charges 22 3.4 System of export incentives 22 3.4.1 Export promotion 22 3.4.2 Export promotion customs régimes 22 3.4.3 Temporary Import Régime (RIT) 23 3.4.4 Industrial Processing Zones for Export Trade (ZIP).. 24 3.4.5 Banana export incentives 24 3.4.6 Technical assistance 25 L/7028 Page 3 Page IV.
    [Show full text]
  • A Report Prepared By
    The 1 Economic Impact of the Creative Industries in the Americas A report prepared by for The aim of this research is to 2 assess and demonstrate the economic contribution and potential of the creative and cultural industries in the countries of the Americas and 10 benchmark countries. This report provides an overview of the availability of data and makes recommendations on how to improve the measurement of this important sector. Executive summary 3 The creative and cultural The creative industries are set 1 industries1 constitute one of the to become an increasingly important Reference to the “creative industries” fastest-growing sectors globally. The contributor to GDP growth across the in this report is meant to encompass sector is forecast to play a bigger role region. In the two largest economies both creative and cultural industries. in coming years. If the countries of the of the hemisphere, Brazil and the The term “creative industries” has Americas2 are to achieve a balanced, United States, the creative industries different meanings and uses throughout high-growth economy, it is vital that are estimated to account for over the world; for purposes of this report, the key strengths of businesses in 10% of GDP. To place this in context, the term covers the following sectors: the creative sector are nurtured. 11% of GDP in the US is roughly Advertising; Art Crafts; Audio-Visual Accordingly, the Organization of equivalent to the size of the entire / Film; Cultural Heritage; Design; American States, the Inter-American US manufacturing sector or about Entertainment Software, including Development Bank and the British one-fifth of the world’s manufactures.
    [Show full text]
  • HONDURAS Public Disclosure Authorized
    RETURN TO RESTRICTED REPORTS DESK -21a W¡THtN ~~~~~~~~~~~~~~~ReportNo. PA-a WI¡THINNL Ln OrNE WEEEK Public Disclosure Authorized This report was prepared for use within the Bank and its affilioted organizations. They do not accept responsibllity for ¡ts accurocy or completeness. The report may not be published nor may it be quoted as representing their views. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONALDEVELOPMENT ASSOCIATION Public Disclosure Authorized LIVESTOCK DEVELOPMENT PROJECT HONDURAS Public Disclosure Authorized December 16, 1969 Public Disclosure Authorized Agriculture Projects Department CURRENCY EQUIVALENTS US$ 1 = Lempiras 2 Lempira1 = Us$o.50 Lempiras1,000 = US$ 500 Lempiras 1,000,000 = Us$ 500,000 WEIDHTS AND MEASURES Metric System 1 kilogram (kg) = 2.20 pounds 1,000 kg = 2,200 pounds 1 kilometer (km) = 0.62 mile 1 hectare (ha) = 2.47 acres 1 square kilometer(km2) = 100 ha = 0.39 square mile = 247.11acres 1 liter = 0.26 gallon 1,000 millimeters = 39.37 inches GLOSSARY OF ABBREVIATIONS GNP = Gross National Product IDB = Inter-AmericanDevelopment Bank NÇDB = National DevelopmentBank PB = ParticipatingBank HOND~0AS LIVESTOCK DEVELOPMENTPROJECT TABLE OF CONTENTS Page No. SUMMARY AND CONCLUSIONS ... ................................. ii I. INTRODUCTION . .................................... 1 II. BACKGROUND ........... ............................ 1 A. General ........ ........................... 1 B. The Livestock Sub-sector .................... 3 C. Animal Uealth . ............................. 5 D. Agricultural
    [Show full text]
  • Determinants of Education Achievement and of the Millennium Development Goals in Honduras
    Determinants of education achievement and of the Millennium Development Goals in Honduras Marcelo T. LaFleur Department of Economic and Social Affairs United Nations, New York, USA E-mail: [email protected] María Auxiliadora López M. Researcher, Institute of Social and Economic Research,IIES National Autonomous University of Honduras-UNAH Econometrician—Management of Economic Statistics National Institute of Statistics, INE-Honduras Email: [email protected] Abstract Since 1990-2012, basic primary education has been a priority in Honduras’ education policy, with similar importance in the Millennium Development Goals. The objective of this study is to identify and quantify the determinants of school enrollment, grade promotion, and graduation rates in primary school, and to reach an understanding of the role of various factors in the timely completion of primary education by Honduras’ youth. This work aims primarily to quantify the relationship between education outcomes and socio-economic and policy variables to inform the MAMS general equilibrium model of Honduras, but it also serves to identify the policies that are most likely to improve outcomes and reach development objectives. We find that socio-economic and policy variables vary in their impact in education outcomes. We conclude that there are significant opportunities for policy makers to increase the impact of policies on education outcomes, particularly the effectiveness of spending on timely education achievement, but also though improvements in socio-economic conditions. A key lesson of this study is that it provides a rigorous example of how to analyze the effect of policy on outcomes, requiring detailed data and proper statistical technique in support of better informing policy decisions.
    [Show full text]
  • The Impact of Power Investments in Honduras
    The Impact of Power Investments in Honduras Final Report August 2018 The Impact of Power Investments in Honduras Final Report Contents Executive Summary i Methods ........................................................................................................................... i Key findings ..................................................................................................................... i Acknowledgements ......................................................................................................... ii 1 Introduction 4 2 Economic and power sector profile 5 2.1 Macro-economic profile ............................................................................................. 5 2.2 Power sector overview ............................................................................................... 7 2.3 Power generation, transmission and distribution overview ........................................ 8 2.3.1 Generation ................................................................................................................... 8 2.3.2 Transmission and distribution ...................................................................................... 9 2.4 Energy consumption ................................................................................................ 10 2.4.1 Consumption per group ............................................................................................. 10 2.4.2 Energy tariffs ............................................................................................................
    [Show full text]
  • Doing Business 2020
    Doing Business 2020 A guide for Central America and the Dominican Republic www.pwc.com/interamericas 2 | Doing Business 2020 A guide for Costa Rica 3 Preface Foreword Central America is a region brimming with opportunities to As part of the added value that PwC Interamericas offers to learn and innovate. The strategic commercial advantages all of its clients and the business community who want to do include cheaper manufacturing costs and labor, as well as a business in the Central America and the Dominican Republic great deal of arable lands. It is a region with a continuously reegion, it is a great honor to publish the sixth edition of the growing economy, which year after year receives increasing amounts of investment and tourism, which helps it to business guide called Doing Business 2020, containing interconnect with the world. important information, which allows us to understand cultural aspects, the climate for investment, and the most important On the other hand, the Dominican Republic has a promising things to consider on legal, commercial and fiscal matters and rapidly growing economy. Despite the fact that it does not belong to Central America, its proximity to the region on the region, that we have complemented with international and the fact that we share the same language and culture, standards and the best world practices. makes it a key contributor for the region. It’s very close Current business opportunities place Central America and commercial relationship with the United States in regard to tourism, the remittances, and exportations, help keep its the Dominican Republic as a highly attractive region for economy more stable.
    [Show full text]
  • The Case of Honduras
    IFPRI Discussion Paper 01477 October 2015 Adjusting to External Shocks in Small Open Economies The Case of Honduras Samuel Morley Valeria Piñeiro Markets, Trade and Institutions Division INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE The International Food Policy Research Institute (IFPRI), established in 1975, provides evidence-based policy solutions to sustainably end hunger and malnutrition and reduce poverty. The Institute conducts research, communicates results, optimizes partnerships, and builds capacity to ensure sustainable food production, promote healthy food systems, improve markets and trade, transform agriculture, build resilience, and strengthen institutions and governance. Gender is considered in all of the Institute’s work. IFPRI collaborates with partners around the world, including development implementers, public institutions, the private sector, and farmers’ organizations, to ensure that local, national, regional, and global food policies are based on evidence. IFPRI is a member of the CGIAR Consortium. AUTHORS Samuel Morley (s. [email protected]) is a visiting senior research fellow in the Markets, Trade and Institutions Division of the International Food Policy Research Institute (IFPRI), Washington, DC. Valeria Piñeiro ([email protected]) is a research coordinator in the Markets, Trade and Institutions Division of IFPRI, Washington, DC. Notices 1. IFPRI Discussion Papers contain preliminary material and research results and are circulated in order to stimulate discussion and critical comment. They have not been subject to a formal external review via IFPRI’s Publications Review Committee. Any opinions stated herein are those of the author(s) and are not necessarily representative of or endorsed by the International Food Policy Research Institute. 2. The boundaries and names shown and the designations used on the map(s) herein do not imply official endorsement or acceptance by the International Food Policy Research Institute (IFPRI) or its partners and contributors.
    [Show full text]
  • Honduras Commercial Guide
    Honduras 1 Table of Contents Doing Business in Honduras ________________________________________ 5 Market Overview _______________________________________________________________ 5 Market Challenges _____________________________________________________________ 6 Market Opportunities ___________________________________________________________ 7 Market Entry Strategy ___________________________________________________________ 7 Political Environment _______________________________________________ 9 Selling U.S. Products & Services ____________________________________ 12 Using an Agent to Sell U.S. Products and Services _________________________________ 12 Establishing an Office _________________________________________________________ 14 Franchising __________________________________________________________________ 17 Direct Marketing ______________________________________________________________ 17 Direct Marketing through mobile telephony ________________________________________ 18 Joint Ventures/Licensing _______________________________________________________ 18 Selling to the Government ______________________________________________________ 19 Distribution & Sales Channels ___________________________________________________ 21 Express Delivery ______________________________________________________________ 21 Selling Factors & Techniques ___________________________________________________ 21 eCommerce __________________________________________________________________ 22 Trade Promotion & Advertising __________________________________________________
    [Show full text]
  • WT/TPR/M/336 1 July 2016 (16-3556) Page
    WT/TPR/M/336 1 July 2016 (16-3556) Page: 1/36 Trade Policy Review Body 2 and 4 May 2016 TRADE POLICY REVIEW HONDURAS MINUTES OF THE MEETING Chairperson: Ms Irene Young (Hong Kong, China) CONTENTS 1 INTRODUCTORY REMARKS BY THE CHAIRPERSON ....................................................... 2 2 OPENING STATEMENT BY THE REPRESENTATIVE OF HONDURAS ................................. 4 3 STATEMENT BY THE DISCUSSANT ................................................................................ 9 4 STATEMENTS BY MEMBERS ........................................................................................ 12 5 REPLIES BY THE REPRESENTATIVE OF HONDURAS AND ADDITIONAL COMMENTS ..................................................................................................................... 31 6 CONCLUDING REMARKS BY THE CHAIRPERSON ......................................................... 35 Note: Advance written questions and additional questions by WTO Members, and the replies provided by Honduras are reproduced in document WT/TPR/M/336/Add.1 and will be available online at http://www.wto.org/english/tratop_e/tpr_e/tp_rep_e.htm. WT/TPR/M/336 • Honduras - 2 - 1 INTRODUCTORY REMARKS BY THE CHAIRPERSON 1.1. The third Trade Policy Review of Honduras was held on 2 and 4 May 2016. The Chairperson, Ms. Irene Young (Hong Kong, China), welcomed the delegation of Honduras headed by Mr. Melvin Redondo, Under-Secretary for Economic Integration and Foreign Trade; the rest of the delegation of Honduras; and the discussant, Dr. Shin-Yuan Lai (the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu) (hereinafter referred to as Chinese Taipei). As agreed by Members earlier, the United Nations Industrial Development Organisation was attending this meeting as observer on an ad hoc basis. 1.2. The Chairperson recalled the purpose of the Trade Policy Reviews and the main elements of the procedures for the meeting. The report by Honduras was contained in document WT/TPR/G/336 and that of the WTO Secretariat in WT/TPR/S/336.
    [Show full text]