Wednesday, May 4, 2011

Honduras is Open for Pillage


Adrienne Pine at Quotha has been posting about this week’s conference in Honduras, also linking to information and analysis from this site (in Spanish).
On May 4th through 6th a conference titled "Honduras is Open for Business" will be held in the city of San Pedro Sula. According to the official site, this gathering "aims at re-launching Honduras as the most attractive investment destination in Latin America". The government of Honduras has invited over 1000 corporations to bid on at least 147 projects (it is unknown how many projects are being withheld from the public) with an estimated value of $14.6 Billion USD. This figure is only slightly less than what the annual Gross Domestic Product of Honduras was in 2010 ($16.3 Billion USD).

...This conference, with its billions in proposed private financing is a new coup aimed against the democratic right of the Honduran people to participate in the decisions that affect them most. If implemented, many of these projects would displace large amounts of Hondurans from their homes or introduce unfamiliar products that would cause untold harm to the country. "Honduras is Open for Business" is also a jolt to the conscience, considering that the U.S. government and multinational corporations are so eager to treat Honduras as an investment experiment at a time when the nation suffers from widespread social conflict and gross human rights violations.
[*] They didn’t seem to have an arresting image for their promotions, so I thoughtfully added one to their logo and description. No charge. [Source for original photo]

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