Honduras

The Republic of Honduras is an independent country in western Central America, bordered to the west by Guatemala, to the south west El Salvador, to the south east by Nicaragua, to the south by the Pacific Ocean, to the north by the Gulf of Honduras and the Caribbean Sea. Belize (formerly "British Honduras") is 75 km away across the Gulf of Honduras.

Economy

Main article: Economy of Honduras

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Honduras is one of the poorest countries in the Americas, with GDP per capita at US$2050 per year (1999).

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Under the presidency of Ricardo Maduro the economy has continued to grow slowly but the distribution of wealth remains very polarized.

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The World Bank and the International Monetary Fund have classified Honduras as one of the Heavily Indebted Poor Countries eligible for debt relief.

Related Topics:
World Bank - International Monetary Fund - Heavily Indebted Poor Countries - Debt relief

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