Honduras Economy News

Agricultural leaders are calling on authorities to rotate Honduras's 120,000-quintal (about 5,400 metric tons) strategic bean reserve at IHMA to prevent deterioration and maintain stable prices as 600,000 quintals of new harvest arrive in coming weeks.

Honduras law requires anyone who receives money by banking error to return it, with civil and penal liability—including fraud charges—for those who spend or refuse to repay the funds.

Honduras's Energy Ministry shifted the weekly fuel-price adjustment from 6 a.m. to 12:01 a.m. on Mondays to align with gas stations' weekend supply logistics, a change implemented 30 days ago but announced publicly this week.

Honduras is considering opening its electricity market to multiple operators in generation, distribution, transmission, and sales—similar to Costa Rica's hybrid system—to boost investment, diversify energy sources, and increase regional competition.

Honduras's banking system is reallocating resources toward longer-term domestic financial instruments, signaling a shift toward more structurally oriented investments.

A carton of 30 eggs increased by 6 lempiras (about $0.24) at Tegucigalpa's farmers' market, adding to growing consumer concerns over recurring price hikes in basic food staples.

Honduras's shrimp producers face mounting losses from drought-driven higher salinity in ponds, production costs up 15–18%, and depressed international prices worsened by Ecuadorian oversupply, threatening employment in the southern region.

Honduras's banking regulator (CNBS) announced an August supervisory examination of state agricultural bank Banadesa to review its loan portfolio, use of public funds, and operational controls, citing suspected irregularities in credits approved under previous administrations.

The Central Bank set the official exchange rate at 26.8141 lempiras per dollar for buying and 26.9482 for selling on Friday, a slight uptick that carries direct effects on import costs, consumer prices, and the value of remittances received by Honduran families.

Congress approved two loans worth $225 million from the World Bank's International Development Association and the Inter-American Development Bank to support public finances and the national budget, with low interest rates and extended repayment periods.

State institutions have accumulated over 20 billion lempiras (roughly $800 million) in unpaid electricity bills to ENEE, with much of the debt dating back more than 15 years; the utility is auditing its accounts receivable and also grappling with 34% energy losses due partly to theft.

Honduras unveiled a 2026–2030 incentive strategy for agriculture with FAO support, aiming to attract investment, create jobs, incorporate technology, and boost competitiveness in a sector that contributes 13% of GDP and over a third of exports.

BCH president Roberto Lagos projects inflation will continue easing to about 5.5% in August from nearly 6%, while international reserves reached a record $11.7 billion, equivalent to seven months of import coverage and strengthening financial stability.

The electricity regulator said it will evaluate the Liberal Party's counterproposal for power-sector reforms, insisting any changes must balance lower tariffs, fair competition, and fiscal impact while rejecting open-ended incentives.

Gasoline and diesel prices will increase on August 10, with diesel rising the most (L4.80 per gallon in Tegucigalpa), while the government continues to subsidize domestic cooking gas to cushion the impact on households.

Bean prices rose up to 10 lempiras per measure in Tegucigalpa this week, with nine vegetables and eggs also climbing, adding 52 to 82 lempiras to household food costs as the minimum wage covers only 90% of basic needs.

Honduras's customs agency collected L41 billion ($1.64 billion) through July 30, exceeding its mid-year target by more than 102%, with strong inflows from merchandise imports, vehicles, and fuel driving confidence it will surpass the full-year goal of L69 billion.

Honduras's Financial Relief Law for agricultural producers took effect, allowing farmers, rice growers, salt producers, and shrimp farmers to refinance debts at a maximum interest rate of 2% annually over up to 15 years through Banadesa and Senprende.

The US dollar strengthened to 26.81 lempiras at purchase and 26.94 at sale on August 6, according to the Central Bank's official rate, affecting imports, prices, and remittances to Honduran families.

Honduras officially launched its 2026 national census, using digital mapping and geolocation to collect population and housing data that will guide public investment toward municipalities with the greatest needs.

Congress approved budget amendments requiring telecom operators to contribute 1% of monthly revenue to fund internet access in public schools, while also allowing the military's textile industry direct procurement and ordering ministries to purge duplicate payroll positions.

The private-sector council COHEP warns that rising fuel, energy, and input costs are accelerating company closures, with about 80% of microenterprises failing within five years and leadership transitions adding further risk.

The National Congress established a special commission to develop legislative reforms for Honduras's shrimp industry, which employs 25,000 directly and 100,000 indirectly but has lost over 10,000 jobs since Taiwan relations ended and production costs rose.

A 14-member Honduran delegation of government officials and private-sector representatives is in Israel to study water management, drip-irrigation systems, and dairy-production technologies to address El Niño drought impacts, following President Nasry Asfura's January visit to Israeli Prime Minister Benjamin Netanyahu.

President Asfura said new energy legislation would allow large businesses and industries to negotiate power purchases directly with generators rather than rely solely on state supply, aiming to lower costs and attract investment.

The Central Bank of Honduras forecasts full-year 2026 GDP growth of 3 to 4 percent, supported by agricultural exports and household consumption, though the outlook depends heavily on global oil and coffee prices and international trade tensions.

Honduras's international reserves rose $1.26 billion to $11.56 billion in the first six months of 2026, a gain President Asfura credits to fiscal discipline and responsible management of public resources.

The Central Bank of Honduras auctioned $96.2 million in its August 3 currency sale, setting the weighted average exchange rate at L26.8003 per dollar for August 4.

Lawmakers are negotiating a bill to rescue the troubled state electrical utility ENEE and modernize its aging infrastructure, with Congress leadership saying a formal vote could come this week or next.

Honduras's net international reserves reached $11.7 billion as of July 31, up $1.4 billion since late January, providing 6.8 months of import coverage, the central bank reported.