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The institution has also faced criticism over a 2011 $70m investment to Banco Ficohsa, Honduras' largest bank, with critics stating that the money would be indirectly supplied to Dinant. [ 5 ] [ 6 ] In a December 2013 audit the IFC's ombudsman found that the institution did not perform due diligence when examining the potential social and ...
The Bank of Honduras and the Banco Atlantida issued the first lempira banknotes in 1932. They were in denominations of 1, 2, 5, 10 and 20 lempiras. The Central Bank of Honduras took over production of paper money in 1950, introducing 50 and 100 lempiras notes in 1950, followed by the 500-lempiras note in 1995.
Toggle Honduras subsection. 20.1 Central bank. 20.2 Government-owned banks. 20.3 Banks. ... Banco Ficohsa Banco de Occidente; BAC Credomatic; Grupo Promerica ...
In Honduras, the business-lending arm of the World Bank aligned itself with a key player in a land dispute that has left more than 130 people dead, including Gregorio Chávez, a preacher who went out to tend his garden one day and didn’t come back. In the last decade, the International Finance Corp.’s lending and influence has soared, even as it has embraced financing methods that shield ...
Honduras spans about 112,492 km 2 and has a population exceeding 8 million. Its northern portions are part of the Western Caribbean Zone , as reflected in the area's demographics and culture. Honduras is known for its rich natural resources, including minerals , coffee , tropical fruit , and sugar cane , as well as for its growing textiles ...
Tegucigalpa (UK: / t ɛ ˌ ɡ uː s ɪ ˈ ɡ æ l p ə / [9] US: / t ə ˌ-/ [10] [11] Spanish: [teɣusiˈɣalpa])—formally Tegucigalpa, Municipality of the Central District (Spanish: Tegucigalpa, Municipio del Distrito Central or Tegucigalpa, M.D.C. [12]), and colloquially referred to as Tegus or Teguz [13] —is the capital and largest city of Honduras along with its sister city, Comayagüela.
The two first commercial banks in Nicaragua opened in 1888. The Bank of Nicaragua (Spanish: Banco de Nicaragua), later rebranded as the Bank of Nicaragua Limited, headquartered in London and then merged with the London Limited Bank of Central America, and the Mercantil Agricultural Bank (Spanish: Banco Agrícola Mercantil) that went bankrupt for non-payment of their debtors.
Honduras is divided into 18 departments (Spanish: departamentos).Each department is headed by a governor, who is appointed by the President of Honduras.The governor represents the executive branch in the region in addition to acting as intermediary between municipalities and various national authorities; resolves issues arising between municipalities; oversees the penitentiaries and prisons in ...