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Assessment of Development Results - Honduras

image of Assessment of Development Results - Honduras

This report on Honduras’s Assessment of Development Results (ADR) focuses on the following three thematic areas: fostering democratic governance; achieving the Millennium Development Goals (MDGs) and reducing poverty under a human development perspective; and ensuring environmental sustainability. Reflecting on the characteristics of Honduras’s economic history, its current juncture and prospects, the ADR examined the past with a forward-looking perspective.

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Honduras development context and key challenges

Honduras gained its independence from Spain in 1821 and joined the Central American Federation that lasted until 1842, when the country became totally independent. During the early 1900s the country became deeply influenced by the United States through the establishment of large fruit production companies coupled with massive foreign capital investments that dominated the banana economy. Fruit companies had powerful stakes in domestic politics and the economy. These dominating US investments undermined the institutional development associated with the liberal reforms occurring in other countries of the region in the early nineteenth century.

English

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