Creating Markets In Honduras : Fostering Private Sector Development for a Resilient and Inclusive Economy - Country Private Sector Diagnostic / nternational Finance Corporation.

Format:

Book

Author/Creator:

International Finance Corporation, author.

Series:

Private Sector Development, Privatization, and Industrial Policy

Language:

English

Subjects (All):

International trade.

Physical Description:

1 online resource.

Other Title:

Creating Markets In Honduras

Place of Publication:

Washington, D.C. : The World Bank, 2022.

Summary:

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.

Notes:

Description based on publisher supplied metadata and other sources.

Publisher Number:

10.1596/37871